Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Note 8. Leases

We have entered into a lease for our corporate headquarters with a remaining lease term of 8 years. This lease includes both lease and non-lease components, which are accounted for as a single lease component as we have elected the practical expedient to combine these components for all leases. As the lease does not provide an implicit rate, we calculated the right-of-use assets and lease liabilities using our secured incremental borrowing rate at the lease commencement date. We currently do not have any finance leases outstanding.

Information related to leases was as follows:
 

	2022			2021
Operating lease information:
Operating lease cost	$	400		$	411
Operating cash flows from operating leases		400			411
Net assets obtained in exchange for new operating lease liabilities		-			-
Weighted average remaining lease term in years		7.92			8.91
Weighted average discount rate		5.1	%		5.1	%

Future minimum annual lease payments are as follows:
 

2023	$	406
2024		413
2025		420
2026		427
2027		434
Thereafter		1,305
Total minimum lease payments	$	3,405
Less imputed interest		(623	)
Total operating lease liability	$	2,782