LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Total lease cost included the following components:


	Location on Consolidated Statements of Operations	For the year ended December 31,
(in thousands)		2023		2022		2021
Operating lease cost	Primarily Selling, general and administrative	$	1,328	$	424	$	780
Finance lease cost
Amortization of right-of-use assets	Depreciation, depletion and amortization	246		339		357
Interest on lease liabilities	Interest expense, net	32		44		60
		278		383		417

Short-term lease cost	Primarily Cost of sales (excluding depreciation, depletion and amortization) (including related party)	2,134		1,509		1,163
		$	3,740	$	2,316	$	2,360

Information related to lease terms and discount rates was as follows:


	December 31,
	2023		2022
Weighted-average remaining lease term:
Operating leases	6.6 years		1.2 years
Finance leases	4.4 years		1.8 years
Weighted-average discount rate:
Operating leases	6.9	%	3.1	%
Finance leases	6.0	%	6.3	%

As of December 31, 2023, the maturities of the Company’s operating and finance lease liabilities were as follows:

As of December 31, 2023, the maturities of the Company’s operating and finance lease liabilities were as follows:

Supplemental disclosure for the Consolidated Balance Sheets related to the Company’s operating and finance leases is as follows:


	Location on Consolidated Balance Sheets	December 31,
(in thousands)		2023		2022
Operating leases:
Right-of-use assets	Operating lease right-of-use assets	$	10,065	$	99

Operating lease liability, current	Other current liabilities	$	959	$	84
Operating lease liability, non-current	Operating lease liabilities	6,829		15
Total operating lease liabilities		$	7,788	$	99

Finance leases:
Right-of-use assets	Other non-current assets	$	591	$	451

Finance lease liability, current	Other current liabilities	$	195	$	354
Finance lease liability, non-current	Other non-current liabilities	388		242
Total finance lease liabilities		$	583	$	596