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v3.23.1

9. LEASES (Tables) | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Lease, Cost [Table Text Block] | The components of lease expense were as follows:
|  | Three Months Ended March 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Operating lease expense |  | $ | 690 |  |  | $ | 244 |
Finance lease expense: |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 6 |  |  |  | 8 |
Interest on lease liabilities |  |  | — |  |  |  | 1 |
Total finance lease expense |  |  | 6 |  |  |  | 9 |
Total lease expense |  | $ | 696 |  |  | $ | 253 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Supplemental cash flow information related to leases was as follows:
|  | Three Months Ended March 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Cash paid for amounts included in measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 669 |  |  | $ | 299 |
Operating cash flows from finance leases |  |  | — |  |  |  | 1 |
Financing cash flows from finance leases |  |  | 6 |  |  |  | 8 |
Cash Flow Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
(in thousands) |  | March 31, 2023 |  |  | December 31, 2022 |
Operating leases |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 14,746 |  |  | $ | 14,579 |
Current portion of operating lease liability |  |  | 2,210 |  |  |  | 1,846 |
Operating lease liability, net of current portion |  |  | 13,729 |  |  |  | 13,829 |
Total operating lease liabilities |  | $ | 15,939 |  |  | $ | 15,675 |
Finance leases |  |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 112 |  |  | $ | 112 |
Accumulated depreciation |  |  | 85 |  |  |  | (80 | )
Property and equipment, net |  | $ | 27 |  |  | $ | 32 |
Current portion of finance lease obligations |  | $ | 15 |  |  | $ | 21 |
Finance lease obligations, net of current portion |  |  | — |  |  |  | — |
Total finance lease liabilities |  | $ | 15 |  |  | $ | 21 |
Weighted Average Remaining Lease Term |  |  |  |  |  |  |  |
Operating leases |  |  | 9.3 years |  |  |  | 9.6 years |
Finance leases |  |  | 0.6 years |  |  |  | 0.8 years |
Weighted Average Discount Rate |  |  |  |  |  |  |  |
Operating leases |  |  | 4.6 | % |  |  | 4.6 | %
Finance leases |  |  | 5.6 | % |  |  | 6.3 | %
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | As of March 31, 2023, maturities of lease liabilities were as follows:
(in thousands) |  | Operating leases |  |  | Finance leases |
Years Ended December 31, |  |  |  |  |  |  |  |
2023 |  |  | 1,729 |  |  |  | 15 |
2024 |  |  | 2,063 |  |  |  | — |
2025 |  |  | 2,013 |  |  |  | — |
2026 |  |  | 2,025 |  |  |  | — |
Thereafter |  |  | 11,631 |  |  |  | — |
Total minimum lease payments |  |  | 19,461 |  |  |  | 15 |
Less: amount representing interest |  |  | (3,522 | ) |  |  | — |
Present value of capital lease liabilities |  | $ | 15,939 |  |  | $ | 15 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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