Annual report [Section 13 and 15(d), not S-K Item 405]

Note 10 - Lease Liability (Tables)

v3.25.1
Note 10 - Lease Liability (Tables)
12 Months Ended
Dec. 31, 2024
Lessee Disclosure [Abstract]  
Summary of Weighted Average Remaining Term of Leases and Weighted Average Discount Rate The following table presents the weighted average remaining term of the leases and the weighted average discount rate:

Lease liability is comprised as follows:

 

December 31,
2024

 

 

December 31,
2023

 

Weighted-average remaining term – operating
   leases (years)

 

 

1.4

 

 

 

2.4

 

Weighted-average discount rate – operating
   leases

 

 

7.90

%

 

 

7.38

%

 

 

 

 

 

 

 

Lease liability, total

 

$

621

 

 

$

1,015

 

Less: current portion of lease liability

 

 

428

 

 

 

394

 

Lease liability, non-current

 

$

193

 

 

$

621

 

Summary of Operating Lease Costs and Operating Lease Cash Flows

Operating lease costs and operating lease cash flows presented for the years ended December 31, 2024 and 2023 are as follows:

 

Year ended December 31, 2024

 

 

Year Ended December 31, 2023

 

 

 

 

 

 

 

 

Operating lease cost

 

$

438

 

 

$

471

 

Operating cash flows from operating leases

 

$

458

 

 

$

405

 

Schedule of Future Minimum Payments of Lease Liabilities

At December 31, 2024, future minimum payments of lease liabilities were as follows :

 

Years ending December 31,

 

Amount

 

2025

 

 

462

 

2026

 

 

197

 

Total minimum lease payments

 

$

659

 

Less: imputed interest

 

 

(38

)

Present value of lease liabilities

 

 

621

 

Less: current portion of lease liability

 

 

(428

)

Lease liability, non-current

 

$

193