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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases  
Schedule of Components of Lease Cost

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

 

   2024   2023 
   Three Months Ended 
   March 31, 
   2024   2023 
Operating Lease:          
Lease cost  $143   $156 
           
Finance Leases:          
Amortization of ROU assets   65    38 
Interst on lease liablity   22    6 
Finance lease   87    44 
           
Total lease cost  $230   $200 
Schedule of Weighted Average Lease

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at March 31, 2024 were:

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)   5.4    4.3 
           
Weighted average discount rate   7.6%   8.8%

 

 

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

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)    6.1    3.0 
           
Weighted average discount rate    7.8%   5.5%
Schedule of Operating and Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for the operating and finance leases at March 31, 2024, to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

 

   Operating Leases   Finance Leases 
2024  $372   $275 
2025   433    345 
2026   416    192 
2027   406    157 
2028   383    134 
2029 and thereafter   366    102 
Total undiscounted lease payments   2,376    1,205 
Less: Imputed interest   (436)   (212)
Present value of lease payments  $1,940   $993 
           
Current portion of operating lease obligations  $346   $ 
Long-term operating lease obligations, less current portion  $1,594   $ 
Current portion of finance lease obligations  $   $287 
Long-term finance lease obligations, less current portion  $   $706 

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):

 

   2024   2023 
   Three Months Ended 
   March 31, 
   2024   2023 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flow from operating leases  $147   $144 
Operating cash flow from finance leases  $22   $6 
Financing cash flow from finance leases  $75   $41 
           
ROU assets obtained in exchange for lease obligations for:          
Finance liabilities  $     $50