LEASES

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

LEASES

NOTE 15. LEASES

The following presents supplemental information related to leases in which the Company is the lessee for the three months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended March 31,
	2024		2023
Cash paid for amounts included in lease liabilities:
Operating cash flows from operating leases	$	250	$	226
Financing cash flows from finance leases	79		77
ROU assets obtained in exchange for lease obligations:
Operating leases	—		—
Finance leases	—		—
Lease Cost:
Operating leases	249		249
Finance leases	293		261
Short-term leases	21		24

For the Company’s operating leases, the weighted average remaining lease term is 1.3 years with a weighted average discount rate of 7.1%. For the Company’s finance leases, the weighted average remaining lease term is 1.2 years with a weighted average discount rate of 6.2%.

The following presents maturities of lease liabilities in which the Company is the lessee as of March 31, 2024 (in thousands):

	Operating		Finance
Remainder of 2024	$	750	$	696
2025	583		86
2026	—		30
2027	—		—
2028	—		—
Thereafter	—		—
Total lease payments	1,333		812
Less imputed interest	(65)		(46)
	$	1,268	$	766

The net investment in sales-type leases, where the Company is the lessor, is a component of other current assets and other non-current assets in the condensed consolidated balance sheets. As of March 31, 2024, the total net investment in these leases was $1.9 million. Lease income is a component of net sales in the condensed consolidated statements of operations and comprehensive loss. The following presents maturities of lease receivables under sales-type leases as of March 31, 2024 (in thousands):

	Sales-Type
Remainder of 2024	$	990
2025	794
2026	491
2027	61
2028	—
Thereafter	—
Net investment in sales-type leases	2,336
Allowances	(472)
Net investment in sales-type leases, net of allowances	$	1,864

For more information on leases, see Note 1, Organization and Nature of Business; Basis of Presentation; Principles of Consolidation; Significant Accounting Policies.

LEASES

NOTE 15. LEASES

The following presents supplemental information related to leases in which the Company is the lessee for the three months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended March 31,
	2024		2023
Cash paid for amounts included in lease liabilities:
Operating cash flows from operating leases	$	250	$	226
Financing cash flows from finance leases	79		77
ROU assets obtained in exchange for lease obligations:
Operating leases	—		—
Finance leases	—		—
Lease Cost:
Operating leases	249		249
Finance leases	293		261
Short-term leases	21		24

For the Company’s operating leases, the weighted average remaining lease term is 1.3 years with a weighted average discount rate of 7.1%. For the Company’s finance leases, the weighted average remaining lease term is 1.2 years with a weighted average discount rate of 6.2%.

The following presents maturities of lease liabilities in which the Company is the lessee as of March 31, 2024 (in thousands):

	Operating		Finance
Remainder of 2024	$	750	$	696
2025	583		86
2026	—		30
2027	—		—
2028	—		—
Thereafter	—		—
Total lease payments	1,333		812
Less imputed interest	(65)		(46)
	$	1,268	$	766

The net investment in sales-type leases, where the Company is the lessor, is a component of other current assets and other non-current assets in the condensed consolidated balance sheets. As of March 31, 2024, the total net investment in these leases was $1.9 million. Lease income is a component of net sales in the condensed consolidated statements of operations and comprehensive loss. The following presents maturities of lease receivables under sales-type leases as of March 31, 2024 (in thousands):

	Sales-Type
Remainder of 2024	$	990
2025	794
2026	491
2027	61
2028	—
Thereafter	—
Net investment in sales-type leases	2,336
Allowances	(472)
Net investment in sales-type leases, net of allowances	$	1,864

For more information on leases, see Note 1, Organization and Nature of Business; Basis of Presentation; Principles of Consolidation; Significant Accounting Policies.

LEASES

NOTE 15. LEASES

The following presents supplemental information related to leases in which the Company is the lessee for the three months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended March 31,
	2024		2023
Cash paid for amounts included in lease liabilities:
Operating cash flows from operating leases	$	250	$	226
Financing cash flows from finance leases	79		77
ROU assets obtained in exchange for lease obligations:
Operating leases	—		—
Finance leases	—		—
Lease Cost:
Operating leases	249		249
Finance leases	293		261
Short-term leases	21		24

For the Company’s operating leases, the weighted average remaining lease term is 1.3 years with a weighted average discount rate of 7.1%. For the Company’s finance leases, the weighted average remaining lease term is 1.2 years with a weighted average discount rate of 6.2%.

The following presents maturities of lease liabilities in which the Company is the lessee as of March 31, 2024 (in thousands):

	Operating		Finance
Remainder of 2024	$	750	$	696
2025	583		86
2026	—		30
2027	—		—
2028	—		—
Thereafter	—		—
Total lease payments	1,333		812
Less imputed interest	(65)		(46)
	$	1,268	$	766

The net investment in sales-type leases, where the Company is the lessor, is a component of other current assets and other non-current assets in the condensed consolidated balance sheets. As of March 31, 2024, the total net investment in these leases was $1.9 million. Lease income is a component of net sales in the condensed consolidated statements of operations and comprehensive loss. The following presents maturities of lease receivables under sales-type leases as of March 31, 2024 (in thousands):

	Sales-Type
Remainder of 2024	$	990
2025	794
2026	491
2027	61
2028	—
Thereafter	—
Net investment in sales-type leases	2,336
Allowances	(472)
Net investment in sales-type leases, net of allowances	$	1,864

For more information on leases, see Note 1, Organization and Nature of Business; Basis of Presentation; Principles of Consolidation; Significant Accounting Policies.