Leases |
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Leases |
NOTE 5 — Leases
All of the Company’s leases are for office space. As of March 31, 2024, all the Company’s leases were short-term leases.
The following table shows the activity of the ROU assets:
The following table shows the activity of the lease liability:
For the three months ended March 31, 2024, and 2023, the Company recognized $85 and $63, respectively, of rent expense. The Company did not have any lease extension or termination options on any lease. There were no residual value guarantees in any lease. The weighted-average remaining lease term of the operating leases was approximately one year as of March 31, 2024 and 0.2 years as of December 31, 2023. The weighted average of the discount rate for each lease as of December 31, 2023, was 8.5%.
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