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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of the Components of Lease Costs
The components of lease costs for the three and nine months ended September 30, 2024 and 2023 are as follows (in thousands):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2024202320242023
Operating lease cost$478 $378 $1,423 $1,099 
Variable lease cost94 97 266 260 
Total lease cost$572 $475 $1,689 $1,359 
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
 Nine Months Ended
September 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:  
Operating cash flow from operating leases$1,400 $1,111 
 
Right of use assets obtained in exchange for lease obligations:
Operating leases$250 $586 
Increases to right of use assets resulting from lease modifications:
Operating leases$— $552 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
 As of September 30,
 20242023
 
 
Years
Years
Weighted average remaining lease term:5.65.7
 RateRate
Weighted average discount rate:7.8%6.8%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of September 30, 2024 are as follows (in thousands):
 
Operating
Leases
2024$455 
20251,905 
20261,715 
20271,542 
20281,495 
2029 and thereafter
2,474 
Total undiscounted lease payments9,586 
Less: Imputed interest(3,185)
Total lease liabilities$6,401 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands ) for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,
Nine Months Ended September 30,
2024202320242023
Net operating lease revenue$7,242 $5,972 $20,225 $17,767 
Sales-type lease revenue129 1,126 530 2,949 
Total lease revenue$7,371 $7,098 $20,755 $20,716 
Schedule of Net Investment in Sales-Type Leases
The components of our net investment in sales-type leases as of September 30, 2024 and December 31, 2023 were (in thousands):
September 30,
2024
December 31,
2023
Lease receivable$2,097 $2,583 
Net investment in leases$2,097 $2,583 
Our net investment in sales-type leases is classified as follows in the accompanying condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 were (in thousands):
September 30,
2024
December 31,
2023
Accounts receivable, net$1,142 $1,067 
Other assets955 1,516 
Total$2,097 $2,583 
Schedule of Future Maturities of Sales-Type Leases
Future maturities of sales-type leases as of September 30, 2024 are as follows (in thousands):
Sales-Type Leases
2024$338 
20251,329 
2026652 
202728 
2028— 
Thereafter— 
Total undiscounted lease payments2,347 
Less: Imputed interest(250)
Total lease receivables$2,097