9. LEASES (Tables)

3 Months Ended

Mar. 31, 2023

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

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

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	%

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