XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 12 - Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 12 — Leases The Company recognizes a right-of-use (“ROU”) asset and a lease liability on the balance sheet for substantially all leases, including operating leases, and separates lease components from non-lease components related to its office space lease. In June 2024, the Company renewed its office lease for a two-year period through March 2027 and recorded $219 in ROU assets and $219 in operating lease liabilities in association with the lease extension. The Company’s operating lease cost as presented as G&A in the Statements of Operations was $82, $67 and $82 for the years ended December 31, 2024, 2023 and 2022, respectively. For the years ended December 31, 2024, 2023 and 2022, cash paid for amounts included in the measurement of operating lease liabilities was $58, $88 and $88, respectively. The ROU asset non-cash lease expense was $70, $67 and $62 for the years ended December 31, 2024, 2023 and 2022, respectively, and is reflected within non-cash lease expense on the Company’s Statements of Cash Flows. As of December 31, 2024 and 2023, the weighted average remaining lease term was 2.25 and 1.25 years, respectively and as of December 31, 2024 and 2023, the weighted average discount rate was 8.6% for each period. The table below presents the lease-related assets and liabilities recorded on the balance sheet as of December 31, 2024:
|  |  | December 31, |  |  | December 31, |
Assets | Classification |  | 2024 |  |  | 2023 |
Operating lease right-of-use assets | Operating lease right-of-use assets, net |  | $ | 175 |  |  | $ | 92 |
Total leased assets |  | $ | 175 |  |  | $ | 92 |
Liabilities |  |  |  |  |  |  |  |  |
Operating lease liabilities, current | Accrued liabilities |  | $ | 76 |  |  | $ | 53 |
Operating lease liabilities, noncurrent | Operating lease liabilities, net of current portion |  |  | 107 |  |  |  | 22 |
Total operating lease liabilities |  | $ | 183 |  |  | $ | 75 |
The Company’s future annual lease commitments as of December 31, 2024 are as indicated below:
|  | Total |  |  | 2025 |  |  | 2026 |  |  | 2027 |
Undiscounted lease payments |  | $ | 202 |  |  | $ | 89 |  |  | $ | 90 |  |  | $ | 23 |
Less: Imputed interest |  |  | (19 | ) |  |  |  |  |  |  |  |  |  |  |  |
Total lease liabilities |  | $ | 183 |  |  |  |  |  |  |  |  |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration