Note 9 - Leases

6 Months Ended

Jun. 30, 2023

(9)

LEASES

We have operating leases for office space with remaining lease terms ranging from two months to 13 months. As most of the leases do not provide an implicit rate, we calculated the right-of-use assets and lease liabilities using our secured incremental borrowing rate at the lease commencement date. We currently do not have any finance leases outstanding.

The following table (in thousands) relates to our operating leases:

	*Three Months Ended June 30,*						*Six Months Ended June 30,*
	*2023*			*2022*			*2023*			*2022*
Operating lease information:
Operating cash outflows from operating leases	$	52		$	53		$	104		$	111
Weighted average remaining lease term in years		0.95			1.74			0.95			1.74
Weighted average discount rate		6.0	%		6.0	%		6.0	%		6.0	%

Future minimum lease payments under non-cancellable leases as of June 30, 2023, were as follows:

	*Amount*
	(In thousands)
2023	$	120
2024		9
Total minimum lease payments	$	129
Less imputed interest		(1	)

Total operating lease liability	$	128

As reflected within the following balance sheet line items:
Accounts payable and accrued liabilities	$	120
Other long-term liabilities		8

Total operating lease liability	$	128

As of June 30, 2023 and December 31, 2022, we had approximately $0.1 million and $0.2 million, respectively, of right-of-use operating lease assets recorded within “buildings and equipment” on the condensed consolidated balance sheets.