LEASES (Tables)

9 Months Ended

Sep. 30, 2024

LEASES

Schedule of lease cost

The following information relates to our leases (dollar amounts in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Operating lease information:
Operating cash outflows from operating leases	$	38		$	52		$	142		$	156
Weighted average remaining lease term in years		8.0			8.75			8.0			8.75
Weighted average discount rate		9.8	%		6.0	%		9.8	%		6.0	%
Finance lease information:
Financing cash outflows from finance leases	$	1,440			—		$	4,105			—
Proceeds from sale and leaseback arrangement	$	—			—		$	3,783			—
Weighted average remaining lease term in years		2.39			—			2.39			—
Weighted average discount rate		9.09	%		—			9.09	%		—

		For the Nine Months Ended September 30,		For the Year Ended December 31,
		2024		2023
		(In thousands)
Operating lease assets	Buildings and equipment	$	657	$	712
Operating lease liabilities:
Current operating lease liabilities	Accounts payable and accrued liabilities	$	-	$	58
Non-current operating lease liabilities	Other long-term liabilities		657		654
Total operating lease liability		$	657	$	712
Finance lease assets	Finance lease right-of-use assets	$	19,869	$	12,346
Finance lease liabilities:
Current finance lease liabilities	Current portion of lease financing	$	6,248	$	3,933
Non-current finance lease liabilities	Long-term lease financing		9,234		8,157
Total finance lease liabilities		$	15,482	$	12,090

Schedule of future minimum lease payment

	Operating Leases		Finance Leases
	(In thousands)
2024	$	—	$	1,872
2025		108		7,490
2026		121		7,331
2027		125		749
2028		129		—
Thereafter		494		—
Total minimum lease payments	$	977	$	17,442
Less imputed interest and deferred finance fees		(320)		(1,960)
Total lease liability	$	657	$	15,482