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LEASES

3 Months Ended

Mar. 31, 2023

NOTE 3 - LEASES

The Company has lease agreements with lease and non-lease components, which it accounts for as a single lease component. The Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on the Company’s ROU assets and lease liabilities was not material. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, the Company does not have any related party leases and its sublease transactions are de minimis.

Supplemental cash flow information related to operating leases was as follows:


		For the Three Months Ended March 31,
		2023				2022

Cash payments and expenses		$	75			$	93

Undiscounted maturities of operating lease payments as of March 31, 2023 are summarized as follows:


2023 (Remainder of the year)		$	224
2024			187
2025			8
Total future lease payments			419
Less imputed interest			(26	)
Total lease liability balance		$	393

		March 31,				December 31,
		2023				2022

Operating leases weighted average remaining lease term (in years)			1				2
Operating leases weighted average discount rate			9	%			9	%