LEASES (Tables)

9 Months Ended

Sep. 30, 2024

LEASES [Abstract]

Summary of balance sheet presentation of our operating and finance leases

(dollars in thousands)
Classification on the Condensed Consolidated Balance Sheet	September 30, 2024		December 31, 2023
Assets:
Operating lease right-of-use assets, net	$	447	$	612
Finance lease right-of-use assets, net (1)		342		174
Total lease assets	$	789	$	786
Liabilities:
Current:
Current maturities of operating lease liabilities	$	205	$	218
Current maturities of finance lease liabilities		103		132
Noncurrent:
Operating lease liabilities, less current maturities		254		407
Finance lease liabilities, less current maturities		190		18
Total lease liabilities	$	752	$	775

(1) As of September 30, 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 September 30, 2024, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		September 30,		September 30,		September 30,
		2024		2024		2024
2024 (remaining)	$	60	$	37	$	97
2025		224		134		358
2026		214		95		309
2027		—		69		69
2028		—		29		29
Total lease obligations		498		364		862
Less: Amount representing interest		(39)		(71)		(110)
Present value of net minimum lease obligations		459		293		752
Less, current portion		(205)		(103)		(308)
Long term portion	$	254	$	190	$	444

Summary of estimated future minimum lease payments for finance leases

As of September 30, 2024, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		September 30,		September 30,		September 30,
		2024		2024		2024
2024 (remaining)	$	60	$	37	$	97
2025		224		134		358
2026		214		95		309
2027		—		69		69
2028		—		29		29
Total lease obligations		498		364		862
Less: Amount representing interest		(39)		(71)		(110)
Present value of net minimum lease obligations		459		293		752
Less, current portion		(205)		(103)		(308)
Long term portion	$	254	$	190	$	444

Schedule of other information

	September 30,	December 31,
	2024	2023
Weighted-average remaining lease term (years):
Operating leases	2.2	2.8
Finance leases	2.8	2.0
Weighted-average discount rate:
Operating leases	8.00%	8.00%
Finance leases	13.77%	10.63%