Leases (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024			Three Months Ended June 30, 2023			Six Months Ended June 30, 2024			Six Months Ended June 30, 2023
Operating Leases
Operating Lease Cost	$	341		$	455		$	761		$	859
Variable Lease Cost	128			109			250			224
Operating Lease Expense	469			564			1,011			1,083
Finance Leases
Amortization of Right-of-use Assets	141			141			282			282
Interest on Lease Obligations	29			38			61			77
Finance Lease Expense	170			179			343			359
Short-term Lease Rent Expense	6			4			11			8
Total Rent Expense	$	645		$	747		$	1,365		$	1,450
Other Information
Operating Cash Flows from Operating Leases	$	426		$	478		$	863		$	902
Operating Cash Flows from Finance Leases	$	29		$	38		$	61		$	77
Financing Cash Flows from Finance Leases	$	138		$	129		$	276		$	258
Weighted-average Remaining Lease Term – Operating Leases	2.6			2.7			2.6			2.7
Weighted-average Remaining Lease Term – Finance Leases	3.0			3.9			3.0			3.9
Weighted-average Discount Rate – Operating Leases	6.3		%	6.5		%	6.3		%	6.5		%
Weighted-average Discount Rate – Finance Leases	6.4		%	6.4		%	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)	$	835	$	334
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	3,895		1,987
Less Present Value Discount	(295)		(175)
Operating and Finance Lease Liabilities	$	3,600	$	1,812

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)	$	835	$	334
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	3,895		1,987
Less Present Value Discount	(295)		(175)
Operating and Finance Lease Liabilities	$	3,600	$	1,812