Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Right of Use Asset and Related Lease Liability and Supplemental Cash Flow Information

Because the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate to determine the present value of lease payments. Information related to our right-of-use asset and related lease liability were as follows:

		December 31,		December 31,
(in thousands)	Balance Sheet Classification	2022		2021
Right-of-use asset	Right-of-use lease asset, net	$	7,093	$	7,871
Operating lease liability (current)	Accounts payable, accrued and other liabilities	$	745	$	718
Operating lease liability (non-current)	Long-term lease liability		6,489		7,234
		$	7,234	$	7,952

	For the Year Ended December 31,
(in thousands)	2022		2021
Cash paid for operating lease liabilities	$	1,001	$	1,001

Schedule of Future Amortization of Lease Liability

Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of December 31, 2022 is expected to be as follows:

(in thousands)
2023		1,001
2024		1,008
2025		1,035
2026		1,064
2027		1,093
Thereafter		3,160
Future lease payments, gross		8,361
Less: Imputed interest		(1,127	)
Operating lease liability	$	7,234