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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

 

For the Three Months
Ended March 31,

 

 

 

2024

 

 

2023

 

Operating lease cost(a)

 

$

100

 

 

$

100

 

(a) Includes variable operating lease expenses, which are immaterial

 

Schedule of Other Information Related to Leases

Other information related to leases was as follows (in thousands, except lease term and discount rate):

 

 

 

For the Three Months
Ended March 31,

 

 

 

2024

 

 

2023

 

Supplemental Cash Flows Information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

102

 

 

$

83

 

Remaining lease term

 

 

 

 

 

 

Operating leases

 

0.7 years

 

 

1.70 years

 

Discount rate

 

 

 

 

 

 

Operating leases

 

 

2.47

%

 

 

2.49

%

Schedule of Future Payments Under Noncancelable Operating Leases

All noncancelable operating leases have remaining terms of less than one year. Future payments for these noncancelable operating leases for the remainder of the current fiscal year are as follows (in thousands):

 

 

 

March 31,

 

 

 

2024

 

2024 (remainder of)

 

$

287

 

Total minimum lease payments

 

 

287

 

Less imputed interest

 

 

(3

)

Present value of lease liabilities

 

 

284

 

Less current portion of operating lease liabilities

 

 

(284

)

Non-current operating lease liabilities

 

$