8. LEASES (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(in thousands)		2022		2021		2022		2021
Operating lease expense	$	365	$	116	$	865	$	348
Finance lease expense:
Amortization of leased assets		6		7		19		24
Interest on lease liabilities		1		-		2		2
Total finance lease expense		7		7		21		26
Total lease expense	$	372	$	123	$	886	$	374

Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

		Nine Months Ended
		September 30,
(in thousands)		2022		2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	938	$	506
Operating cash flows from finance leases		2		2
Financing cash flows from finance leases		20		25

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

		September 30,		December 31,
(in thousands)		2022		2021
Operating leases
Operating lease right-of-use assets	$	14,486	$	5,577
Current portion of operating lease liability		769		849
Operating lease liability, net of current portion		13,803		4,983
Total operating lease liabilities	$	14,572	$	5,832
Finance leases
Property and equipment, at cost	$	112	$	112
Accumulated depreciation		(75)		(56)
Property and equipment, net	$	37	$	56
Current portion of finance lease obligations	$	25	$	21
Finance lease obligations, net of current portion		2		26
Total finance lease liabilities	$	27	$	47
Weighted Average Remaining Lease Term
Operating leases		9.9 years		9.5 years
Finance leases		0.7 years		1.2 years
Weighted Average Discount Rate
Operating leases		4.6%		2.5%
Finance leases		6.3%		6.3%

Maturities of Lease Liabilities

As of September 30, 2022, maturities of lease liabilities were as follows:

(in thousands)		Operating		Finance
Years Ended December 31,		leases		leases
2022	$	303	$	7
2023		1,753		21
2024		1,804		-
2025		1,855		-
Thereafter		12,733		-
Total minimum lease payments		18,448		28
Less: amount representing interest		(3,876)		(1)
Present value of capital lease liabilities	$	14,572	$	27