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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of the classification of operating and finance lease assets and obligations in the Company's Consolidated Balance Sheets

The following table summarizes the classification of operating and finance lease assets and obligations in the Company's Consolidated Balance Sheets as of December 31, 2023 and December 31, 2022 (in thousands):

 

 

December 31, 2023

 

 

December 31, 2022

 

Operating leases:

 

 

 

 

 

 

Right of use assets

 

$

4,116

 

 

$

2,285

 

 

 

 

 

 

 

 

Operating lease liabilities, current

 

$

751

 

 

$

458

 

Operating lease liabilities, noncurrent

 

 

3,506

 

 

 

1,858

 

Total operating lease liabilities

 

$

4,257

 

 

$

2,316

 

 

 

 

 

 

 

 

Finance leases:

 

 

 

 

 

 

Right of use assets

 

$

147

 

 

$

71

 

 

 

 

 

 

 

 

Finance lease liabilities, current

 

$

52

 

 

$

35

 

Finance lease liabilities, noncurrent

 

 

104

 

 

 

48

 

Total finance lease liabilities

 

$

156

 

 

$

83

 

Schedule of maturities of lease liabilities

Maturities of lease liabilities for the Company’s operating and finance leases are as follows as of December 31, 2023 (in thousands):

 

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

 2024

 

$

1,144

 

 

$

62

 

 

$

1,206

 

 2025

 

 

1,247

 

 

 

32

 

 

 

1,279

 

 2026

 

 

1,326

 

 

 

22

 

 

 

1,348

 

 2027

 

 

1,002

 

 

 

22

 

 

 

1,024

 

 2028

 

 

608

 

 

 

22

 

 

 

630

 

Thereafter

 

 

49

 

 

 

22

 

 

 

71

 

Total lease payments

 

 

5,376

 

 

 

182

 

 

 

5,558

 

Less: imputed interest

 

 

(1,119

)

 

 

(26

)

 

 

(1,145

)

Present value of lease liabilities

 

$

4,257

 

 

$

156

 

 

$

4,413