Leases (Tables)

9 Months Ended

Sep. 30, 2023

The components of lease expense are as follows:

	Three months ended				Nine months ended
(in thousands)	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Operating lease expense	$	173	$	206	$	518	$	440

Finance lease cost
Amortization of right-to-use assets	$	1	$	14	$	3	$	54
Interest on lease liabilities	$	-	$	-	$	-	$	2
Total finance lease cost	$	1	$	14	$	3	$	56

Supplemental cash flow information related to leases are as follows:

	Nine months ended
(in thousands)	September 30, 2023		September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow use from operating leases	$	453	$	302
Operating cash flow use from finance leases	$	3	$	2
Financing cash flow use from finance leases	$	3	$	48

Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	-	$	2,605
Finance Leases	$	-	$	-

Weighted average remaining lease terms are as follows at September 30, 2023:

Weighted average remaining lease term:
Operating leases		3.8 years
Finance Leases		0.3 year

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

Weighted average discount rates:
Operating leases	4.8	%
Finance Leases	8.0	%

Maturities of lease liabilities are as follows:

(in thousands) Year ending December 31,	Operating Leases			Finance Leases
2023 (excluding nine months ended September 30, 2023)	$	153		$	1
2024		618			-
2025		630			-
2026		643			-
2027		380			-
Total lease payments	$	2,424		$	1
Less imputed interest		(214	)		-
Present value of lease liabilities	$	2,210		$	1