Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Operating Lease

v3.23.1
Note 9 - Operating Lease
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]

9.

Operating Lease

 

Office lease

 

Our operating lease costs were $26,000 and $16,000 for the three months ended March 31, 2023 and 2022, respectively. Our variable lease costs were $15,000 and $11,000 for the three months ended March 31, 2023 and 2022, respectively. Variable lease costs consist primarily of common area maintenance costs, insurance and taxes which are paid based upon actual costs incurred by the lessor.

 

Maturities of our operating lease obligation are as follows as of March 31, 2023 (in thousands):

 

2023

    80  

2024

    109  

2025

    113  

2026

    116  

2027

    119  

2028

    10  

Total lease payments

  $ 547  

Less interest portion

    (97 )

Present value of lease obligation

  $ 450