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Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lease cost
Lease cost included in the accompanying condensed consolidated statements of income as a component of selling, general and administrative costs is presented in the table below (in thousands).

   
Three months ended March 31,
  
   
2024
    
2023
  
Operating leases costs
  
$
170
    
$
143
  
Variable lease costs - operating
  
$
36
    
$
40
  
Additional Information Related to Leases
The following table presents additional information about the Company’s leases (dollars in thousands):

   
March 31,
2024
    
December 31,
2023
  
ROU assets
  
$
1,647
    
$
1,789
  
Lease liabilities
  
$
1,698
    
$
1,837
  
Weighted average remaining lease term (in months)
    
47
      
49
  
Weighted average discount rate
    
6.41
%
    
6.40
%
Leases, Future Minimum Payments Required Under Operating Leases
As of March 31, 2024, the future minimum payments required under operating leases are as follows (in thousands):

Year ending December 31,
      
2024 (1)
  
$
414
  
2025
    
473
  
2026
    
412
  
2027
    
368
  
2028
    
251
  
Total lease payments
    
1,918
  
Less: imputed interest
    
(220
)
Total lease liabilities
  
$
1,698
  

(1)
Remaining payments are for the nine months ending December 31, 2024.