Assure Holdings Corp. Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

12 Months Ended

Dec. 31, 2023

The consolidated balance sheets include the following amounts for ROU assets as of December 31, 2023 and 2022 (stated in thousands):

The following are the components of lease cost for operating and finance leases (stated in thousands):


	Year Ended December 31,
	2023		2022
Lease cost:
Operating leases:
Amortization of ROU assets	$	252	$	309
Interest on lease liabilities		73		89
Total operating lease cost, included in general and administrative expenses		325		398
Finance leases:
Amortization of ROU assets		278		449
Interest on lease liabilities		45		81
Total finance lease cost, included in discontinued operations		323		530
Total lease cost	$	648	$	928


	As of	As of
	December 31, 2023	December 31, 2022
Weighted average remaining lease term (years):
Operating leases	3.6	1.0
Finance leases	1.8	1.4
Weighted average discount rate (%):
Operating leases	9.9	10.0
Finance leases	8.0	7.6

Future minimum lease payments and related lease liabilities as of December 31, 2023 were as follows (stated in thousands):


					Total
	Operating		Finance		Lease
	Leases		Leases		Liabilities
2024	$	431	$	268	$	699
2025		352		153		505
2026		—		23		23
Total lease payments		783		444		1,227
Less: imputed interest		69		32		101
Present value of lease liabilities		714		412		1,126
Less: current portion of lease liabilities		377		244		621
Noncurrent lease liabilities	$	337	$	168	$	505

Future minimum lease payments and related lease liabilities as of December 31, 2023 were as follows (stated in thousands):


					Total
	Operating		Finance		Lease
	Leases		Leases		Liabilities
2024	$	431	$	268	$	699
2025		352		153		505
2026		—		23		23
Total lease payments		783		444		1,227
Less: imputed interest		69		32		101
Present value of lease liabilities		714		412		1,126
Less: current portion of lease liabilities		377		244		621
Noncurrent lease liabilities	$	337	$	168	$	505