Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Summary of quantitative operating lease information

The following summarizes quantitative information about the Company’s operating leases (dollars in thousands):

	For the year ended December 31,			For the year ended December 31,
	2022			2021
Operating leases
Operating lease cost	$	1,710		$	1,793
Variable lease cost	388			373
Operating lease expense	2,098			2,166
Finance leases
Amortization of right-of-use assets	565			313
Interest on lease obligations	179			99
Finance lease expense	744			412
Short-term lease rent expense	17			17
Total rent expense	$	2,859		$	2,595
Other information
Operating cash flows from operating leases	$	1,772		$	1,772
Operating cash flows from finance leases	$	179		$	99
Financing cash flows from finance leases	$	482		$	255
Right of use assets exchanged for operating lease liabilities	$	768		$	4,217
Right of use assets exchanged for finance lease liabilities	$	—		$	2,431
Weighted-average remaining lease term - operating leases	3.0			3.5
Weighted-average remaining lease term – finance leases	4.4			5.4
Weighted-average discount rate - operating leases	6.4		%	6.3		%
Weighted-average discount rate – finance leases	6.4		%	6.4		%

Schedule of future minimum rental payments under operating lease agreements

Future minimum rental payments under operating lease agreements are as follows (table in thousands):

	Operating		Finance
Year ending December 31, 2023	$	1,672	$	668
Year ending December 31, 2024	1,405		672
Year ending December 31, 2025	937		676
Year Ended December 31, 2026	310		666
Year Ended December 31, 2027	121		311
Remaining future payments	—		—
Total	4,445		2,993
Less present value discount	$	(380)	$	(384)
Operating and Finance lease liabilities.	$	4,065	$	2,609