XML 28 R15.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

Leases

3 Months Ended

Mar. 31, 2024

Leases

Leases

8.            Leases

The Company currently has an operating lease relating to its facilities in Berkeley Heights, New Jersey.

For the three months ended March 31, 2024 and 2023, the Company recognized operating lease expenses of $19,039 and $17,949, respectively, including $3,011 and $1,945 respectively relating to a short term lease for offices in

Dundee, Scotland. Cash payments made during the three months ended March 31, 2024 and 2023 totaled $19,037 and $17,634, respectively, and were presented within cash outflows from operating activities. The remaining lease term as of March 31, 2024 is approximately 1.3 years for the Berkeley Heights facility. The discount rate used by the Company in determining the lease liability was 12%.

Remaining lease payments for both facilities are as follows (in $000s):

​	​	​	​
2024		$	49
2025	​	​	38
Thereafter	​	​	—
Total future minimum lease obligation	​	$	87
Less imputed interest	​	​	(8)
Total		$	79

​

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

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