LEASES (Tables)

3 Months Ended

Mar. 31, 2024

LEASES [Abstract]

Summary of balance sheet presentation of our operating and finance leases

(dollars in thousands)
Classification on the Condensed Consolidated Balance Sheet	March 31, 2024		December 31, 2023
Assets:
Operating lease right-of-use assets, net	$	556	$	612
Finance lease right-of-use assets, net (1)		156		174
Total lease assets	$	712	$	786
Liabilities:
Current:
Current maturities of operating lease liabilities	$	215	$	218
Current maturities of finance lease liabilities		62		132
Noncurrent:
Operating lease liabilities, less current maturities		353		407
Finance lease liabilities, less current maturities		71		18
Total lease liabilities	$	701	$	775

(1) As of March 31, 2024 and December 31, 2023, finance lease right-of-use assets included zero, respectively, of assets related to finance leases associated with the HSRR program.

Summary of estimated future minimum lease payments for operating leases

As of March 31, 2024, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		March 31,		March 31,		March 31,
		2024		2024		2024
2024 (remaining)	$	189	$	59	$	248
2025		224		65		289
2026		214		26		240
Total lease obligations		627		150		777
Less: Amount representing interest		(59)		(17)		(76)
Present value of net minimum lease obligations		568		133		701
Less, current portion		(215)		(62)		(277)
Long term portion	$	353	$	71	$	424

Summary of estimated future minimum lease payments for finance leases

As of March 31, 2024, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		March 31,		March 31,		March 31,
		2024		2024		2024
2024 (remaining)	$	189	$	59	$	248
2025		224		65		289
2026		214		26		240
Total lease obligations		627		150		777
Less: Amount representing interest		(59)		(17)		(76)
Present value of net minimum lease obligations		568		133		701
Less, current portion		(215)		(62)		(277)
Long term portion	$	353	$	71	$	424

Schedule of other information

	March 31,	December 31,
	2024	2023
Weighted-average remaining lease term (years):
Operating leases	2.6	2.8
Finance leases	1.8	2.0
Weighted-average discount rate:
Operating leases	8.00%	8.00%
Finance leases	10.70%	10.63%