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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of the Components of Lease Costs
The components of lease costs for the three months ended March 31, 2024 and 2023 are as follows (in thousands):
 Three Months Ended
March 31,
 20242023
Operating lease cost$473 $352 
Variable lease cost75 76 
Total lease cost$548 $428 
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
 Three Months Ended
March 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:  
Operating cash flow from operating leases$530 $449 
 
Right of use assets obtained in exchange for lease obligations:
Operating leases$— $381 
Increases to right of use assets resulting from lease modifications:
Operating leases$— $160 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
 As of March 31,
 20242023
 
 
Years
Years
Weighted average remaining lease term:6.06.2
 RateRate
Weighted average discount rate:7.8%7.0%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of March 31, 2024 are as follows (in thousands):
 
Operating
Leases
2024$1,309 
20251,837 
20261,654 
20271,478 
20281,429 
2029 and thereafter
2,424 
Total undiscounted lease payments10,131 
Less: Imputed interest(3,266)
Total lease liabilities$6,865 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands):
Three Months Ended
March 31,
20242023
Net operating lease revenue$6,111 $5,910 
Sales-type lease revenue257 494 
Total lease revenue$6,368 $6,404 
Schedule of Net Investment in Sales-Type Leases
The components of our net investment in sales-type leases as of March 31, 2024 and December 31, 2023 were (in thousands):
March 31,
2024
December 31,
2023
Lease receivable$2,531 $2,583 
Net investment in leases$2,531 $2,583 
Our net investment in sales-type leases is classified as follows in the accompanying condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023 were (in thousands):
March 31,
2024
December 31,
2023
Accounts receivable, net$1,061 $1,067 
Other assets1,470 1,516 
Total$2,531 $2,583 
Schedule of Future Maturities of Sales-Type Leases
Future maturities of sales-type leases as of March 31, 2024 are as follows (in thousands):
Sales-Type Leases
2024$985 
20251,292 
2026614 
202712 
2028— 
Thereafter— 
Total undiscounted lease payments2,903 
Less: Imputed interest(372)
Total lease receivables$2,531