LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Leases

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2024		2023		2024		2023
Operating lease expense	$	668	$	592	$	1,333	$	1,282
Finance lease expense:
Amortization of leased assets		-		6		-		12
Interest on lease liabilities		-		-		-		-
Total finance lease expense		-		6		-		12
Total lease expense	$	668	$	598	$	1,333	$	1,294

SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases is as follows:

	Six Months Ended
	June 30,
(in thousands)	2024		2023
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	1,299		1,096
Operating cash flows from finance leases		-		-
Financing cash flows from finance leases		-		13

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases is as follows:

	June 30,			December 31,
(in thousands)	2024			2023
Operating leases
Operating lease right-of-use assets	$	12,348		$	13,758
Current portion of operating lease liabilities		2,113			2,323
Operating lease liabilities, net of current portion		11,936			12,714
Total operating lease liabilities	$	14,049		$	15,037
Finance leases
Property and equipment, at cost	$	112		$	112
Accumulated depreciation		(106	)		(97	)
Property and equipment, net	$	6		$	15
Weighted Average Remaining Lease Term
Operating leases		8.1 years			8.4 years
Weighted Average Discount Rate
Operating leases		4.6	%		4.6	%

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

As of June 30, 2024, maturities of lease liabilities are as follows:

(in thousands)	Operating
Years Ended December 31,	leases
2024 (remainder of year)	$	1,110
2025		2,017
2026		1,979
2027		1,950
Thereafter		9,663
Total minimum lease payments		16,719
Less: amount representing interest		(2,670	)
Present value of capital lease liabilities	$	14,049