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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases  
Schedule of Quantitative Information About Operating Leases
The following summarizes quantitative information about our operating leases (amounts in thousands):
For the three months ended
March 31, 2024March 31, 2023
Operating leases:
Operating lease cost$239 $204 
Total operating lease cost$239 $204 
Finance leases:
Interest lease cost$110 $— 
Depreciation expense180 — 
Total finance lease expense$290 $— 
Other information related to the Company’s leases is shown below (dollar amounts in thousands):
For the three months ended
March 31, 2024March 31, 2023
Operating cash flows used in operating leases$(238)$(198)
March 31, 2024December 31, 2023
Weighted-average remaining lease term – operating leases (in years)7.27.4
Weighted-average remaining lease term – finance leases (in years)3.53.8
Weighted-average discount rate – operating leases10.00 %10.00 %
Weighted-average discount rate – finance leases7.56 %7.56 %
Finance lease asset (1)$5,417 $5,809 
(1) As of March 31, 2024 and December 31, 2023, the Company had recorded accumulated depreciation of approximately $1.2 million and $0.8 million for the finance lease asset, respectively. Finance lease assets are recorded within property and equipment, net on the Company’s Condensed Consolidated Balance Sheets.
Schedule of Maturity of Operating Leases
Maturities of the Company’s operating leases, excluding short-term leases, are as follows (in thousands):
Operating LeaseFinance LeaseTotal
Nine Months Ended December 31, 2024714 1,380 2,094 
Year Ended December 31, 2025977 1,840 2,817 
Year Ended December 31, 2026941 1,840 2,781 
Year Ended December 31, 2027955 1,188 2,143 
Year Ended December 31, 2028982 122 1,104 
Thereafter2,667 — 2,667 
Total lease payments7,236 6,370 13,606 
Less present value discount(2,155)(788)(2,943)
Total$5,081 $5,582 $10,663