Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Lease Expense

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

	Three Months Ended March 31,
	2024		2023
Operating lease cost (1)	$	136	$	127
Finance lease cost:
Amortization of leased assets	$	28	$	3
Interest on lease liabilities		1		2
Total finance lease cost	$	29	$	5

⁽¹⁾ Includes short-term lease costs of $117,000 and $108,000 for the three months ended March 31, 2024 and 2023, respectively.

Schedule of Cash Flow Information

Supplemental cash flow information related to leases was as follows (in thousands):

	Three Months Ended March 31,
	2024			2023
Cash paid for amounts included in leases:
Operating cash flows from operating leases	$	(17	)	$	(16	)
Operating cash flows from finance leases		(1	)		(2	)
Financing cash flows from finance leases		(9	)		(28	)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		-			-
Finance leases		-			-

Schedule of Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in thousands):

	As of March 31, 2024			As of December 31, 2023
Operating leases
Operating lease right-of-use assets	$	34		$	54
Current portion of operating lease obligations	$	34		$	54
Operating lease liabilities, net of current portion		-			-
Total operating lease liabilities	$	34		$	54
Finance leases
Property and equipment, at cost	$	2,564		$	2,714
Accumulated depreciation		(2,368	)		(2,523	)
Property and equipment, net	$	196		$	191
Current portion of finance lease obligations	$	29		$	33
Finance lease liabilities, net of current portion		12			19
Total finance lease liabilities	$	41		$	52

	Three Months Ended March 31,
	2024			2023
Weighted Average Remaining Lease Term
Operating leases		0.5 years			1.5 years
Finance leases		1.1 years			1.4 years
Weighted Average Discount Rate:
Operating leases (2)		5.0	%		5.0	%
Finance leases		2.6	%		2.5	%

⁽²⁾  Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019.

Schedule of Future Minimum Payments Under Non-Cancellable Operating Lease Commitments

A summary of future minimum payments under non-cancellable operating lease commitments as of March 31, 2024 is as follows (in thousands):

Year ending December 31,	Total
2024		35
		35
Less imputed interest		(1	)
Total lease liabilities	$	34
Less current portion		(34	)
	$	-

Schedule of Minimum Future Rentals on the Non-Cancellable Finance Leases

The following is a schedule of minimum future rentals on the non-cancellable finance leases as of March 31, 2024 (in thousands):

Year ending December 31,	Total
2024		23
2025		19
Total minimum payments required:		42
Less amount representing interest:		(1	)
Present value of net minimum lease payments:		41
Less current portion		(29	)
	$	12