Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Schedule of Lease Costs and Other Lease Information

The following tables present the Company’s lease costs and other lease information (dollars in thousands):

Lease cost	Year Ended
	December 31, 2023		December 31, 2022
Finance lease cost:
Amortization of right-of-use assets	$	168	$	30
Interest on lease liabilities		90		9
Operating lease cost		372		96
Short-term lease cost		71		53
Net lease cost	$	701	$	188

Other information	Year Ended
	December 31, 2023		December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	90	$	9
Operating cash flows from operating leases	$	238	$	78
Financing cash flows from finance leases	$	145	$	30
Right-of-use assets obtained in exchange for new finance lease liabilities	$	762	$	635
Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,759	$	-

	As of December 31, 2023
Weighted-average remaining lease term - finance leases (years)		1.3
Weighted-average remaining lease term - operating leases (years)		13.4
Weighted-average discount rate - finance leases		5.2	%
Weighted-average discount rate - operating leases		5.1	%

Schedule of Operating and Finance Lease Liabilities

The following table presents a maturity analysis of the Company’s operating lease liabilities as of December 31, 2023 (in thousands):

	Operating Leases			Finance Leases
2024	$	616		$	352
2025		546			600
2026		496			465
2027		429			-
2028		419			-
Thereafter		4,247			-
Total lease payments		6,753			1,417
Less: Amount representing interest		(1,896	)		(193	)
Present value of lease payments		4,857			1,224
Less: Current maturities		(397	)		(253	)
Lease obligations, net of current portion	$	4,460		$	971