Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Lease Costs

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

	Three Months Ended March 31, 2024			Three Months Ended March 31, 2023
Operating leases
Operating lease cost	$	420		$	404
Variable lease cost	122			115
Operating lease expense	542			519
Finance leases
Amortization of right-of-use assets	141			141
Interest on lease obligations	32			39
Finance lease expense	173			180
Short-term lease rent expense	5			4
Total rent expense	$	720		$	703
Other information
Operating cash flows from operating leases	$	437		$	424
Operating cash flows from finance leases	$	32		$	39
Financing cash flows from finance leases	$	138		$	128
Weighted-average remaining lease term – operating leases	2.2			2.8
Weighted-average remaining lease term – finance leases	3.2			4.2
Weighted-average discount rate – operating leases	6.5		%	6.4		%
Weighted-average discount rate – finance leases	6.4		%	6.4		%

Summary of Operating Lease Maturities

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

	Operating		Finance
Year ending December 31, 2024 (remaining)	$	1,261	$	503
Year ending December 31, 2025	1,587		676
Year ending December 31, 2026	946		666
Year ending December 31, 2027	525		311
Year ending December 31, 2028	2		—
Total	4,321		2,156
Less present value discount	(353)		(206)
Operating and finance lease liabilities	$	3,968	$	1,950

Summary of Finance Lease Maturities

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

	Operating		Finance
Year ending December 31, 2024 (remaining)	$	1,261	$	503
Year ending December 31, 2025	1,587		676
Year ending December 31, 2026	946		666
Year ending December 31, 2027	525		311
Year ending December 31, 2028	2		—
Total	4,321		2,156
Less present value discount	(353)		(206)
Operating and finance lease liabilities	$	3,968	$	1,950