Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of the Components of Lease Costs

The components of the Company’s operating lease costs consisted of the following (in thousands):

	Years Ended December 31,
	2023		2022		2021
Operating lease cost	$	1,504	$	1,333	$	1,316
Variable lease cost	336		301		243
Total lease cost	$	1,840	$	1,634	$	1,559

Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):

	Years Ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:
Operating cash flow from operating leases	$	1,441	$	1,241	$	1,271
Right of use assets obtained in exchange for lease obligations:
Operating leases	$	3,356	$	18	$	926
Increases to right of use assets resulting from lease modifications:
Operating leases	$	552	$	1,050	$	—

Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:

	2023	2022
	Years	Years
Weighted average remaining lease term:	6.2	6.7
	Rate	Rate
Weighted average discount rate:	7.7%	7.1%

Schedule of Future Maturities of Lease Liabilities

Future maturities of lease liabilities as of December 31, 2023 are as follows (in thousands):

	Operating Leases
2024	$	1,796
2025	1,837
2026	1,654
2027	1,478
2028	1,429
Thereafter	2,424
Total undiscounted lease payments	10,618
Less: Imputed interest	(3,345)
Total lease liabilities	$	7,273

Schedule of Leases Revenues

The components of the Company’s lease revenues consisted of the following (in thousands):

	Years Ended December 31,
	2023		2022		2021
Net operating lease revenue	$	23,797	$	24,413	$	21,678
Sales-type lease revenue	3,250		72		—
Total lease revenue	$	27,047	$	24,485	$	21,678

Schedule of Net Investment in Sales-type Leases

The components of our net investment in sales-type leases as of December 31, 2023 and 2022 were (in thousands):

	2023		2022
Lease receivable	$	2,583	$	45
Net investment in leases	$	2,583	$	45

Our net investment in sales-type leases is classified as follows in the accompanying consolidated balance sheets as of December 31, 2023 and 2022 (in thousands):

	2023		2022
Accounts receivable, net	$	1,067	$	45
Other assets	1,516		—
Total	$	2,583	$	45

Schedule of Future Maturities of Sales-type Leases

Future maturities of sales-type leases as of December 31, 2023 are as follows (in thousands):

	Sales-Type Leases
2024	$	1,238
2025	1,217
2026	539
Total undiscounted lease payments	2,994
Less: Imputed interest	(411)
Total lease receivables	$	2,583