Leases |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Text Block] |
13. Leases Operating leases Substantially all our operating lease right-of-use assets and operating lease liability represents leases for office space and property to conduct our business. The operating lease expense for the three-month period ended March 31, 2024 included in general and administrative expenses is $65,000. The cash outflows from operating leases for the three-month period ended March 31, 2024 was $67,000. The weighted average remaining lease term and the weighted average discount rate for operating leases at March 31, 2024 were 1.9 years and 10%, respectively. The following table reconciles the undiscounted cash flows for the operating leases as at March 31, 2024 to the operating lease liabilities recorded on the balance sheet:
Finance leases Substantially all our finance lease right-of-use assets and finance lease liability represents leases for laboratory equipment to conduct our business. The cash outflows from finance leases for the three-month period ended March 31, 2024 was $22,000 (2023: $9,000). The weighted average remaining lease term and the weighted average discount rate for finance leases at March 31, 2024 were 1.2 years and 3.75%, respectively. The following table reconciles the undiscounted cash flows for the finance leases as at March 31, 2024 to the finance lease liabilities recorded on the balance sheet:
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