LEASES

12 Months Ended

Dec. 31, 2023

Leases

Leases

9.LEASES

The following table summarizes the components of lease cost:

	December 31,
(in thousands)	2023		2022		2021
Lease Cost
Finance lease cost:
Amortization of right-of-use assets	$	—	$	14	$	22
Interest on lease obligation		—		1		1
Total finance lease cost		—		15		23
Total long-term operating lease cost		365		387		419
Total short-term operating lease cost		368		592		493
Total lease cost	$	733	$	994	$	935

The following table summarizes supplemental balance sheet and other information related to leases at:

	December 31,
(in thousands)	2023		2022
Operating Leases	$
Operating lease right-of-use assets		826		909
Current portion of operating lease liabilities		320		311
Long-term operating lease liabilities		506		597
Total operating lease liabilities		826		908

The following table presents other lease information related to the Company’s leases:

	December 31,
	2023			2022
Weighted-average remaining lease term (years)
Operating leases		2.7		3.1
Finance leases		—		—
Weighted-average discount rate
Operating leases		3.5	%	3.1	%
Finance leases		—	%	4.0	%

The following table summarizes supplemental cash flow information related to leases:

	December 31,
(in thousands)		2023		2022		2021
Other Information
Cash paid for amounts included in the measurement of lease obligation:
Operating cash flows from operating leases	$	365	$	387	$	419
Financing cash flows from finance leases		—		15		22
Right-of-use assets obtained in exchange for new operating lease obligations		—		117		143

Future lease payments under non-cancellable leases as of December 31, 2023 were as follows:

(in thousands)	Operating Lease Obligations
Remaining lease payments to be paid during the year ended December 31,
2024	$	360
2025		306
2026		139
2027		30
2028		24
Thereafter		11
Total lease payments		869
Less imputed interest		(43)
Lease obligation at December 31, 2023	$	826

Related Party Leases

The Company’s subsidiary in the United Kingdom leased facilities used for manufacturing and office space from a related party with related lease costs during the years ended December 31, 2023, 2022, and 2021 of $0.2 million for all three years.  The Company’s French subsidiary leased a fleet of vehicles from a related party with related lease costs during the year ended December 31, 2023, 2022, and 2021 of $0.2 million, $0.1 million, and $0.1 million, respectively.