XML 34 R24.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2023
Leases  
Schedule of Quantitative Information About Operating Leases
The following summarizes quantitative information about our operating and finance leases (amounts in thousands):
For the three months endedFor the nine months ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Operating leases:
Operating lease cost$215 $204 $717 $612 
Total operating lease expense$215 $204 $717 $612 
Finance leases:
Interest lease cost$122 $— $142 $— 
Depreciation expense318 — 368 — 
Total finance lease expense$440 $— $510 $— 
Other information related to the Company’s leases is shown below (dollar amounts in thousands):
For the nine months ended
September 30, 2023September 30, 2022
Operating cash flows used in operating leases$(606)$(580)
September 30, 2023December 31, 2022
Weighted-average remaining lease term – operating leases (in years)7.78.5
Weighted-average remaining lease term – finance leases (in years)4.0— 
Weighted-average discount rate – operating leases10 %10 %
Weighted-average discount rate – finance leases8 %— 
Finance lease asset (1)$6,201 — 
(1) As of September 30, 2023, the Company had recorded accumulated depreciation of approximately $368,000 for the finance lease asset. Finance lease assets are recorded within property and equipment, net on the Company’s condensed consolidated balance sheets.
Schedule of Maturity of Operating Leases
Minimum lease payments over the remaining lease periods as of September 30, 2023 are as follows (amounts in thousands):
Operating LeaseFinance LeaseTotal
Remaining periods in the year ended December 31, 2023$232 $460 $692 
Year Ended December 31, 20249531,840 2,793 
Year Ended December 31, 20259771,840 2,817 
Year Ended December 31, 20269411,840 2,781 
Year Ended December 31, 20279551,188 2,143 
Thereafter3,649 122 3,771 
Total lease payments7,707 7,290 14,997 
Less present value discount(2,415)(1,014)(3,429)
Total $5,292 $6,276 $11,568