Operating Lease Liabilities

3 Months Ended

Mar. 31, 2024

Operating Lease Liabilities [Abstract]

OPERATING LEASE LIABILITIES

Note 4. OPERATING LEASE LIABILITIES

The Company has operating leases for leased office and manufacturing facilities. The leases have remaining lease terms of one to five years, some of which include options to extend or terminate the leases.

	Three Months Ended
	March 31,		March 31,
	2024		2023
Operating lease cost:	$	321,000	$	271,000
Total lease cost	$	321,000	$	271,000
Other Information
Cash paid for amounts included in the measurement lease liability:		265,000		249,000
Operating cash flow from operating leases	$	265,000	$	249,000

	March 31,			December 31,
	2024			2023
Weighted Average Remaining Lease Term - in years		2.44			2.66
Weighted Average discount rate - %		9.14	%		9.10	%

The aggregate undiscounted cash flows of operating lease payments as of March 31, 2024, with remaining terms greater than one year are as follows:

	Amount
December 31, 2024 (remainder of year)	$	805,000
December 31, 2025		992,000
December 31, 2026		729,000
Total future minimum lease payments		2,526,000
Less: discount		(274,000	)
Total operating lease maturities		2,252,000
Less: current portion of operating lease liabilities		(907,000	)
Total long term portion of operating lease maturities	$	1,345,000