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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases Tables [Abstract]  
Information Related to Leases

Information related to leases (in thousands):

 

 

 

Three Months Ended

 

 

Three Months Ended

 

Operating cash flow information:

 

March 31, 2024

 

 

March 31, 2023

 

Operating lease cost

 

$

341

 

 

$

334

 

Operating lease - cash flow

 

$

354

 

 

$

346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

ROU assets obtained in exchange for lease liabilities

 

$

3,818

 

 

$

341

 

 

 

 

March 31, 2024

 

 

March 31, 2023

 

Weighted-average remaining lease term

 

4.0 years

 

 

3.0 years

 

Weighted-average discount rate

 

 

7

%

 

 

5

%

Future Minimum Lease Payments

Future minimum lease payments under non-cancelable leases as of March 31, 2024:

 

2024 (remaining)

 

$

1,400

 

2025

 

 

1,755

 

2026

 

 

1,068

 

2027

 

 

926

 

2028

 

 

960

 

Thereafter

 

 

357

 

Total future minimum lease payments

 

$

6,466

 

Less: imputed interest

 

 

(826

)

Present value of lease liabilities - current

 

 

1,577

 

Present value of lease liabilities - non-current

 

$

4,063