Leases (Tables)

12 Months Ended

Dec. 31, 2023

The components of lease expense are as follows:

(in thousands)	Year ended December 31, 2023		Year ended December 31, 2022
Operating lease expense	$	691	$	584

Finance lease cost
Amortization of right-to-use assets	$	3	$	55
Interest on lease liabilities	$	-	$	2
Total finance lease cost		3	$	57

Supplemental cash flow information related to leases are as follows:

	Year ended
(in thousands)	December 31, 2023		December 31, 2022
Cash flow information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow use from operating leases	$	606	$	352
Operating cash flow use from finance leases	$	-	$	2
Financing cash flow use from finance leases	$	4	$	49

Non-cash activity:

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	-	$	2,605
Finance leases	$	30	$	-

Weighted average remaining lease terms are as follows at December 31, 2023:

Weighted average remaining lease term:
Operating leases			3.6 years
Finance leases			3.0 years

weighted average discount rates used at the time that the leases were evaluated:

Weighted average discount rates:
Operating leases	4.8	%
Finance leases	6.2	%

Maturities of lease liabilities are as follows:

Year ending December 31,	Operating Leases			Finance Leases
2024		618			11
2025		630			11
2026		643			11
2027		380			-
Total lease payments	$	2,271		$	33
Less imputed interest		(188	)		(3	)
Present value of lease liabilities	$	2,083		$	30