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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Operating lease cost(a)

 

$

400

 

 

$

403

 

(a) Includes variable operating lease expenses, which are immaterial.

 

 

 

 

 

 

Schedule of Other Information Related to Leases

Other information related to leases was as follows (in thousands, except lease term and discount rate):

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Supplemental Cash Flows Information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liability:

 

 

 

 

 

 

Operating cash flows from operating lease

 

$

378

 

 

$

387

 

Operating lease asset obtained in exchange for lease liability:

 

 

 

 

 

 

Operating lease

 

$

 

 

$

344

 

Remaining lease term

 

 

 

 

 

 

Operating lease

 

0.95 years

 

 

1.95 years

 

Discount rate

 

 

 

 

 

 

Operating lease

 

 

2.49

%

 

 

2.49

%

 

Schedule of Future Payments Under Noncancelable Operating Leases

Future payments under noncancelable operating leases having initial or remaining terms of one year or more are as follows for the succeeding fiscal year and thereafter (in thousands):

 

 

 

Year Ended
December 31,

 

 

 

2023

 

2024

 

 

388

 

Total minimum lease payments

 

 

388

 

Less imputed interest

 

 

(5

)

Present value of lease liabilities

 

 

383

 

Less current portion of operating lease liability

 

 

(383

)

Non-current operating lease liability

 

$