LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES [Abstract]

Summary of balance sheet presentation of our operating and finance leases

(dollars in thousands)
Classification on the Consolidated Balance Sheet	December 31, 2023		December 31, 2022
Assets:
Operating lease right-of-use assets, net	$	612	$	763
Finance lease right-of-use assets, net (1)		174		257
Total lease assets	$	786	$	1,020
Liabilities:
Current:
Current maturities of operating lease liabilities	$	218	$	199
Current maturities of finance lease liabilities		132		162
Noncurrent:
Operating lease liabilities, less current maturities		407		574
Finance lease liabilities, less current maturities		18		68
Total lease liabilities	$	775	$	1,003

(1)As of December 31, 2023 and 2022, finance lease right-of-use assets included zero and $13, respectively, of assets related to finance leases associated with the HSRR program.

Summary of estimated future minimum lease payments for operating leases

As of December 31, 2023, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		December, 31		December, 31		December, 31
		2023		2023		2023
2024	$	258	$	80	$	338
2025		224		65		289
2026		214		26		240
Total lease obligations		696		171		867
Less: Amount representing interest		(71)		(21)		(92)
Present value of net minimum lease obligations		625		150		775
Less, current portion		(218)		(132)		(350)
Long term portion	$	407	$	18	$	425

Summary of estimated future minimum lease payments for finance leases

As of December 31, 2023, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		December, 31		December, 31		December, 31
		2023		2023		2023
2024	$	258	$	80	$	338
2025		224		65		289
2026		214		26		240
Total lease obligations		696		171		867
Less: Amount representing interest		(71)		(21)		(92)
Present value of net minimum lease obligations		625		150		775
Less, current portion		(218)		(132)		(350)
Long term portion	$	407	$	18	$	425

Schedule of other information

	December 31,	December 31,
	2023	2022
Weighted-average remaining lease term (years):
Operating leases	2.8	3.7
Finance leases	2.0	2.8
Weighted-average discount rate:
Operating leases	8.00%	8.00%
Finance leases	10.63%	10.31%