Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of Lease Costs

The following summarizes quantitative information about the Company’s operating and finance leases (table in thousands):

	Three Months Ended June 30, 2023			Three Months Ended June 30, 2022			Six Months Ended June 30, 2023			Six Months Ended June 30, 2022
Operating leases
Operating lease cost	$	391		$	366		$	735		$	745
Interest on lease obligations	64			65			124			135
Variable lease cost	109			92			224			187
Operating lease expense	564			523			1,083			1,067
Finance leases
Non-cash lease expense from right-of-use assets	141			141			282			282
Interest on lease obligations	38			45			77			92
Finance lease expense	179			186			359			374
Short-term lease rent expense	4			4			8			8
Total lease expense	$	747		$	713		$	1,450		$	1,449
Other information
Payments for principal from operating leases	$	478		$	447		$	902		$	911
Payments for interest from finance leases	$	38		$	45		$	77		$	92
Payments for principal from finance leases	$	129		$	119		$	258		$	237
Weighted-average remaining lease term – operating leases	2.7			3.2			2.7			3.2
Weighted-average remaining lease term – finance leases	3.9			4.9			3.9			4.9
Weighted-average discount rate – operating leases	6.5		%	6.3		%	6.5		%	6.3		%
Weighted-average discount rate – finance leases	6.4		%	6.4		%	6.4		%	6.4		%

Operating Lease Maturities

Future minimum rental payments under operating and finance lease agreements are as follows (in thousands):

	Operating		Finance
Year ending December 31, 2023 (remaining)	$	875	$	335
Year ending December 31, 2024	1,511		672
Year ending December 31, 2025	1,021		676
Year ending December 31, 2026	362		666
Year ending December 31, 2027	131		311
Total	3,900		2,660
Less present value discount	(318)		(308)
Operating and finance lease liabilities	$	3,582	$	2,352

Finance Lease Maturities

Future minimum rental payments under operating and finance lease agreements are as follows (in thousands):

	Operating		Finance
Year ending December 31, 2023 (remaining)	$	875	$	335
Year ending December 31, 2024	1,511		672
Year ending December 31, 2025	1,021		676
Year ending December 31, 2026	362		666
Year ending December 31, 2027	131		311
Total	3,900		2,660
Less present value discount	(318)		(308)
Operating and finance lease liabilities	$	3,582	$	2,352