Assure Holdings Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2024

The condensed consolidated balance sheets include the following amounts for right-of-use (“ROU”) assets as of March 31, 2024, and December 31, 2023 (in thousands):


	March 31,			December 31,
	2024		2023
Operating	$	537	$	616

Schedule of components of lease cost

The following are the components of lease cost for operating and finance leases (in thousands). Finance lease costs are included in loss from discontinued operations in the consolidated statements of operations for the periods presented.


	Three Months Ended March 31,
	2024		2023
Lease cost:
Operating leases:
Amortization of ROU assets	$	95	$	77
Interest on lease liabilities		17		19
Total operating lease cost, included in general and administrative expenses		112		96
Finance leases:
Amortization of ROU assets		—		77
Interest on lease liabilities		8		14
Total finance lease cost, included in discontinued operations		8		91
Total lease cost	$	120	$	187

Schedule of weighted average lease terms and discount rates for operating and finance leases


	As of	As of
	March 31, 2024	March 31, 2023
Weighted average remaining lease term (years):
Operating leases	1.0	2.5
Finance leases	—	1.9
Weighted average discount rate (%):
Operating leases	9.9	5.6
Finance leases	—	9.2

Schedule of future minimum lease payments and related lease liabilities of operating leases

Future minimum lease payments and related lease liabilities as of March 31,2024, were as follows (in thousands):


					Total
	Operating		Finance		Lease
	Leases		Leases		Liabilities
Remainder of 2024	$	323	$	—	$	323
2025		352		—		352
Total lease payments		675		—		675
Less: imputed interest		52		—		52
Present value of lease liabilities		623		—		623
Less: current portion of lease liabilities		388		—		388
Noncurrent lease liabilities	$	235	$	—	$	235

Schedule of future minimum lease payments and related lease liabilities of financing leases

Future minimum lease payments and related lease liabilities as of March 31,2024, were as follows (in thousands):


					Total
	Operating		Finance		Lease
	Leases		Leases		Liabilities
Remainder of 2024	$	323	$	—	$	323
2025		352		—		352
Total lease payments		675		—		675
Less: imputed interest		52		—		52
Present value of lease liabilities		623		—		623
Less: current portion of lease liabilities		388		—		388
Noncurrent lease liabilities	$	235	$	—	$	235