Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2023			Three Months Ended September 30, 2022			Nine Months Ended September 30, 2023			Nine Months Ended September 30, 2022
Operating leases
Operating lease cost	$	422		$	410		$	1,281		$	1,289
Variable lease cost	112			101			336			287
Operating lease expense	534			511			1,617			1,576
Finance leases
Non-cash lease expense from right-of-use assets	142			141			424			424
Interest on lease obligations	36			44			113			136
Finance lease expense	178			185			537			560
Short-term lease rent expense	4			5			12			14
Total lease expense	$	716		$	701		$	2,166		$	2,150
Other information
Payments for principal from operating leases	$	461		$	427		$	1,363		$	1,338
Payments for interest from finance leases	$	37		$	44		$	114		$	136
Payments for principal from finance leases	$	130		$	121		$	388		$	359
Weighted-average remaining lease term – operating leases	2.5			3.2			2.5			3.2
Weighted-average remaining lease term – finance leases	3.7			4.7			3.7			4.7
Weighted-average discount rate – operating leases	6.5		%	6.4		%	6.5		%	6.4		%
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)	$	439	$	168
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	3,464		2,493
Less present value discount	(259)		(271)
Operating and finance lease liabilities	$	3,205	$	2,222

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)	$	439	$	168
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	3,464		2,493
Less present value discount	(259)		(271)
Operating and finance lease liabilities	$	3,205	$	2,222