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Leases | 12 Months Ended
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Dec. 31, 2024
Leases |
Leases | 7. Leases The Company has a real estate lease for the use of office space. The table below presents information related to the operating leases: Schedule of Supplemental Information Related to Operating Leases
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Operating lease costs during the year |  | $ | 431 |  |  | $ | 1,052 |
Cash payments included in the measurement of operating lease liability during the year |  |  | 916 |  |  |  | 486 |
Operating lease liability arising from obtaining lease right-of-use assets during the year |  |  | 2,583 |  |  |  | - |
Weighted-average remaining lease term (in years) as of year-end |  |  | 5.92 |  |  |  | 0.75 |
Weighted-average discount rate during the year |  |  | 10.90 | % |  |  | 9.90 | %
The Company generally utilizes its incremental borrowing rates on a collateralized basis, reflecting the Company’s credit quality and the term of the lease at the commencement of the lease in determining the present value of future payments since the implicit rate for the Company’s leases is not readily determinable. Variable lease expense includes rental increases that are not fixed, such as those based on amounts paid to the lessor based on cost or consumption, such as maintenance and utilities. The components of operating lease costs were as follows: Schedule of Operating Lease Costs
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Operating lease costs included in: |  |  |  |  |  |  |  |
General and administrative |  | $ | 884 |  |  | $ | 1,344 |
Total operating costs (1) |  |  | 884 |  |  |  | 1,344 |
Less sublease income |  |  | (453 | ) |  |  | (292 | )
Total operating lease costs |  | $ | 431 |  |  | $ | 1,052 |
(1) |  | Includes certain costs associated with an expired business membership agreement that permitted access to certain office space of $0 and $620 and month-to-month lease arrangements of $0 and $396 for the years ended December 31, 2024 and 2023, respectively.
Maturities of the operating lease liability as of December 31, 2024 are summarized as follows: Summary of Maturity of Lease Liabilities
Years Ending December 31, |  |  |
2025 |  | $ | - |
2026 |  |  | 652 |
2027 |  |  | 652 |
2028 |  |  | 652 |
2029 |  |  | 652 |
Thereafter |  |  | 597 |
Total lease payments |  |  | 3,205 |
Less imputed interest |  |  | (987 | )
Present value of operating lease liability |  | $ | 2,218 |
Current portion of operating lease liability |  | $ | 254 |
Long-term portion of operating lease liability |  |  | 1,964 |
Total operating lease liability |  | $ | 2,218 |
Sublease Agreement – The Company has entered into agreements to sublease certain space that it does not occupy, through the duration of the lease terms, with one sublease that expires in September 2024 and two other subleases (these operating leases were recorded as an assumed lease liability in connection with the acquisition of Men’s Journal) that expires in March 2025. As of December 31, 2024, the Company is entitled to receive total sublease income of $265 which will offset an assumed liability. Lease Termination – Effective September 30, 2021, the Company terminated a certain lease arrangement for office space. In connection with the termination, the Company agreed to pay the landlord cash payments and credits for market rate advertising, where $4,000 of cash payments were paid during each year ended December 31, 2024 and 2023, and market rate advertising of $800 and $615 recognized during the years ended December 31, 2024 and 2023, respectively, leaving no further obligations related to the lease termination.

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- 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
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