Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2024			Three Months Ended September 30, 2023			Nine Months Ended September 30, 2024			Nine Months Ended September 30, 2023
Operating Leases
Operating Lease Cost	$	418		$	422		$	1,179		$	1,281
Variable Lease Cost	126			112			376			336
Operating Lease Expense	544			534			1,555			1,617
Finance Leases
Amortization of Right-of-use Assets	139			142			421			424
Interest on Lease Obligations	28			36			89			113
Finance Lease Expense	167			178			510			537
Short-term Lease Rent Expense	5			4			16			12
Total Rent Expense	$	716		$	716		$	2,081		$	2,166
Other Information
Operating Cash Flows from Operating Leases	$	449		$	461		$	1,312		$	1,363
Operating Cash Flows from Finance Leases	$	28		$	37		$	89		$	114
Financing Cash Flows from Finance Leases	$	140		$	130		$	416		$	388
Weighted-average Remaining Lease Term – Operating Leases	2.6			2.5			2.6			2.5
Weighted-average Remaining Lease Term – Finance Leases	2.7			3.7			2.7			3.7
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)	$	441	$	167
Year ending December 31, 2025	1,716		676
Year ending December 31, 2026	1,075		666
Year ending December 31, 2027	655		311
Year ending December 31, 2028	57		—
Total	3,944		1,820
Less Present Value Discount	(292)		(148)
Operating and Finance Lease Liabilities	$	3,652	$	1,672

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)	$	441	$	167
Year ending December 31, 2025	1,716		676
Year ending December 31, 2026	1,075		666
Year ending December 31, 2027	655		311
Year ending December 31, 2028	57		—
Total	3,944		1,820
Less Present Value Discount	(292)		(148)
Operating and Finance Lease Liabilities	$	3,652	$	1,672