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v3.23.1

Leases | 3 Months Ended
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Mar. 31, 2023
Leases |
Leases | Note 10 – Leases The Company leases its two facilities and certain equipment. Fixed rent generally escalates each year, and the Company is responsible for a portion of the landlords’ operating expenses such as property tax, insurance and common area maintenance. The Company’s facility in Louisville, Colorado, is under a noncancelable operating lease with a maturity date in September 2029. In 2022, the Company amended the lease to incorporate a prior subleased space into the base lease and extend the term of the lease. The Company has the right to renew this lease for an additional five-year period. On September 1, 2021, the Company entered into an industrial operating lease agreement for its facility in Thornton, Colorado, with the initial term through March 31, 2029. Under this operating lease, the Company has one option to renew for five years, which has been included in the calculation of lease liabilities and right-of-use assets at the adoption date of the lease accounting standard on January 1, 2022, as the exercise of the option was reasonably certain. As the renewal rent has not been negotiated, the Company used an estimated rent rate which approximated the fair market rent at adoption of ASC 842 on January 1, 2022 for the extension period. The Company has certain equipment leases classified as finance leases as of March 31, 2023. The Company’s leases do not have any contingent rent payments and do not contain residual value guarantees. The components of lease expense are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ |  | March 31, 2023 | ​
Finance lease costs: |  | ​ |  | ​
Amortization of right-of-use assets | ​ | $ | 44 | ​
Interest on lease liabilities | ​ |  | 12 | ​
Operating lease costs | ​ |  | 308 | ​
Total lease expense | ​ | $ | 364 | ​
​ The components of cash flow information related to leases are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ |  | March 31, 2023 | ​
Operating outgoing cash flows – finance lease | ​ | $ | 12 | ​
Financing outgoing cash flows – finance lease | ​ |  | 66 | ​
Operating outgoing cash flows – operating lease | ​ |  | 283 | ​
​ ​
​ | ​ | ​ | ​
​ |  | March 31, 2023 |
Finance lease |  |  | ​
Weighted-average remaining lease term – finance lease (in years) |  | 3.22 | ​
Weighted-average discount rate – finance lease |  | 5.9 | %
Operating lease |  |  | ​
Weighted-average remaining lease term – operating lease (in years) |  | 9.95 | ​
Weighted-average discount rate – operating lease |  | 6.9 | %
​ As of March 31, 2023, future minimum payments during the next five years and thereafter are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal year |  | Finance Lease |  | Operating Lease
2023 (remaining nine months) | ​ | $ | 236 | ​ | $ | 854
2024 | ​ | ​ | 315 | ​ | ​ | 1,173
2025 | ​ | ​ | 200 | ​ | ​ | 1,210
2026 | ​ | ​ | 101 | ​ | ​ | 1,248
2027 | ​ | ​ | 37 | ​ | ​ | 1,288
2028 | ​ | ​ | 16 | ​ | ​ | 1,329
Thereafter | ​ | ​ | — | ​ | ​ | 5,244
Total | ​ | ​ | 905 | ​ | ​ | 12,346
Less present value discount | ​ | ​ | 77 | ​ | ​ | 3,307
Total lease liabilities | ​ | $ | 828 | ​ | $ | 9,039
​

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- Definition The entire disclosure of information about leases. + References No definition available. + Details
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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Period Type: | duration