XML 50 R40.htm IDEA: XBRL DOCUMENT
v3.24.3

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Leases [Abstract] |
Schedule of Operating Leases | Additional information regarding the Company’s leases are as follows:
|  | As of and For the Three Months Ended June 30, |  |  | As of and For the Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease expense |  | $ | 96 |  |  | $ | 98 |  |  | $ | 192 |  |  | $ | 196 |
Finance lease cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Amortization of right-of-use assets |  |  | 20 |  |  |  | — |  |  |  | 40 |  |  |  | — |
Interest on lease liabilities |  |  | 6 |  |  |  | — |  |  |  | 12 |  |  |  | — |
Finance lease cost |  |  | 26 |  |  |  | — |  |  |  | 52 |  |  |  | — |
Total lease cost |  | $ | 122 |  |  | $ | 98 |  |  | $ | 244 |  |  | $ | 196 |
Other information on leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash payments included in operating cash flows from operating leases |  | $ | 102 |  |  | $ | 103 |  |  | $ | 203 |  |  | $ | 204 |
Cash payments included in operating cash flows from finance leases |  |  | 6 |  |  |  | — |  |  |  | 12 |  |  |  | — |
Cash payments included in financing cash flows from finance leases |  |  | 24 |  |  |  | — |  |  |  | 48 |  |  |  | — |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 185 |  |  |  | 247 |  |  |  | 185 |  |  |  | 247 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average discount rate – operating leases |  |  | 4.46% |  |  |  | 3.95% |  |  |  | 4.46% |  |  |  | 3.95% |
Weighted average discount rate – finance leases |  |  | 8.50% |  |  |  | — |  |  |  | 8.50% |  |  |  | — |
Weighted average remaining lease term in years – operating leases |  |  | 4.9 years |  |  |  | 5.8 years |  |  |  | 4.9 years |  |  |  | 5.8 years |
Weighted average remaining lease term in years – finance leases |  |  | 2.3 years |  |  |  | — |  |  |  | 2.3 years |  |  |  | — |
Schedule of Contractual Maturities of Operating Leases | The following table presents the contractual maturities of the Company’s operating leases for each of the five years in the period ending December 31, 2028, and thereafter, reconciled to the Company’s operating lease liability at June 30, 2024.
Year ending December 31, |  | Operating Leases |  |  | Finance Leases |  |  | Total |
2024 (six months remaining) |  | $ | 196 |  |  | $ | 60 |  |  | $ | 256 |
2025 |  |  | 393 |  |  |  | 120 |  |  |  | 512 |
2026 |  |  | 396 |  |  |  | 100 |  |  |  | 497 |
2027 |  |  | 401 |  |  |  | — |  |  |  | 401 |
2028 |  |  | 376 |  |  |  | — |  |  |  | 376 |
Thereafter |  |  | 212 |  |  |  | — |  |  |  | 212 |
Total undiscounted lease payments |  |  | 1,974 |  |  |  | 280 |  |  |  | 2,254 |
Less: present value adjustment |  |  | 193 |  |  |  | 26 |  |  |  | 218 |
Lease liability at June 30, 2024 |  | $ | 1,781 |  |  | $ | 254 |  |  | $ | 2,036 |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration