LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases

SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost for the Company’s leases were as follows (in thousands):

	Twelve Months Ended December 31,
	2023		2022
Operating Leases:
Lease cost	$	612	$	627
Finance Leases:
Amortization of ROU assets		163		176
Interest on lease liability		33		37
		196		213
Short-term lease rent expense		2		7
Total lease cost	$	810	$	847

SCHEDULE OF WEIGHTED AVERAGE LEASE

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at December 31, 2023, were:

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		5.6			4.5
Weighted average discount rate		7.5	%		8.7	%

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at December 31, 2022, were:

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		6.2			3.0
Weighted average discount rate		7.8	%		5.3	%

SCHEDULE OF OPERATING AND FINANCE LEASE LIABILITY MATURITY

The following table reconciles the undiscounted cash flows for the operating and finance leases as of December 31, 2023, to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

	Operating Leases			Finance Leases
2024	$	520		$	372
2025		433			345
2026		416			192
2027		406			157
2028		383			134
2029 and thereafter		366			102
Total undiscounted lease payments		2,524			1,302
Less: Imputed interest		(474	)		(235	)
Present value of lease payments	$	2,050		$	1,067

Current portion of operating lease obligations	$	380	$	—
Long-term operating lease obligations, less current portion	$	1,670	$	—
Current portion of finance lease obligations	$	—	$	291
Long-term finance lease obligations, less current portion	$	—	$	776

SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES

Supplemental cash flow and other information related to our leases were as follows (in thousands):

	Twelve Months Ended December 31,		Twelve Months Ended December 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	582	$	573
Operating cash flow from finance leases	$	32	$	37
Financing cash flow from finance leases	$	189	$	860
ROU assets obtained in exchange for lease obligations for:
Finance liabilities	$	786	$	147
Operating liabilities	$	466	$	—