Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2023

The components of lease cost for the Company’s leases were as follows (in thousands):

Schedule of Components of Lease Cost

	2023		2022
	Three Months Ended March 31,
	2023		2022
Operating Lease:
Lease cost	$	156	$	157

Finance Leases:
Amortization of ROU assets		38		47
Interst on lease liablity		6		11
Finance leases		44		58

Short-term lease rent expense		—		3

Total lease cost	$	200	$	218

Schedule of Weighted Average Lease

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at March 31, 2023 were:

Schedule of Weighted Average Lease

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		6.1			3.0

Weighted average discount rate		7.8	%		5.5	%

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at March 31, 2022 were:

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		6.7			4.0

Weighted average discount rate		7.6	%		6.1	%

Schedule of Operating And Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for the operating and finance leases at March 31, 2023 to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

	Operating Leases			Finance Leases
2023	$	412		$	138
2024		416			182
2025		324			160
2026		301			30
2027		286			12
2028 and thereafter		656			2
Total undiscounted lease payments		2,395			524
Less: Imputed interest		(501	)		(43	)
Present value of lease payments	$	1,894		$	481

Current portion of operating lease obligations	$	401		$	—
Long-term operating lease obligations, less current portion	$	1,493		$	—
Current portion of finance lease obligations	$	—		$	161
Long-term finance lease obligations, less current portion	$	—		$	320

Schedule of Supplemental Cash Flow And Other Information Related To Leases

Supplemental cash flow and other information related to our leases were as follows (in thousands):

	2023		2022
	Three Months Ended March 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	144	$	143
Operating cash flow from finance leases	$	6	$	11
Financing cash flow from finance leases	$	41	$	58

ROU assets obtained in exchange for lease obligations for:
Finance liabilities	$	50	$	147