LEASES (Q1)

3 Months Ended

12 Months Ended

Mar. 31, 2024

Dec. 31, 2023

NOTE 6 - LEASES

Operating leases are included in the unaudited condensed consolidated Balance Sheets as follows:

(in thousands)	Classification	March 31, 2024	December 31, 2023
Lease assets
Operating lease cost ROU assets, net	Assets	$313.8	$353.2
Total lease assets		$313.8	$353.2

Lease liabilities
Operating lease liabilities, current	Current liabilities	$163.1	$160.3
Operating lease liabilities, non-current	Liabilities	159.8	201.6
Total lease liabilities		$322.9	$361.9

The components of lease costs, which are included in loss from operations in our unaudited condensed consolidated Statement of Operations we as follows:

	Three Month Period Ended
(in thousands)	March 31, 2024	March 31, 2023
Lease costs
Operating lease costs	44.8	44.8
Total lease costs	$44.8	$44.8

(in thousands)			March 31, 2024
2024 (remainder of)			$136.1
2025			185.8
2026			31.3
Total future minimum lease payments			$353.2
Amount representing interest			30.3
Present value of net future minimum lease payments			322.9

NOTE 4 - LEASES

During the years ended December 31, 2023 and 2022, we recognized offsetting ROU assets and lease liabilities of zero and $593.9 respectively. We elected not to recognize ROU assets and operating lease liabilities arising from short-term office and server leases, i.e., leases with initial terms of twelve months or less (deemed immaterial) on the consolidated balance sheets.

When measuring lease liabilities that were classified as operating leases, we discounted lease payments using our estimated incremental borrowing rate at the recognition date during the years ended December 31, 2023 and 2022. The incremental borrowing rate applied to our sole operating lease was 7.01%. As of December 31, 2023, our lease had a remaining useful life of 2.17 years.

Operating leases are included in the consolidated Balance Sheets as follows:

(in thousands)	Classification	December 31, 2023	December 31, 2022
Lease assets
Operating lease cost ROU assets, net	Assets	$353.2	$507.1
Total lease assets		$353.2	$507.1
Lease liabilities
Operating lease liabilities, current	Current liabilities	$160.3	$149.4
Operating lease liabilities, non-current	Liabilities	201.6	362.1
Total lease liabilities		$361.9	$511.5

The components of lease costs, which are included in income/(loss) from operations in our consolidated Statement of Operations were as follows:

	Twelve Month Period Ended
(in thousands)	December 31, 2023	December 31, 2022
Lease costs
Operating lease costs	179.5	104.7
Total lease costs	$179.5	$104.7

Lease commitments

(in thousands)			December 31, 2023
2024			$180.4
2025			185.8
2026			31.3
Total future minimum lease payments			397.5
Amount representing interest			35.6
Present value of net future minimum lease payments			$361.9