Leases (Tables)

12 Months Ended

Dec. 31, 2023

The following table reflects the amounts related to leases that are recorded on our consolidated balance sheets as of December 31, 2023 and 2022:


	Classification on Consolidated	December 31,
	Balance Sheets	2023			2022
		($ in thousands)
Operating lease assets	Other assets	$	210		$	349
Finance lease assets	Other assets	$	1,045		$	—

Current lease liabilities	Accrued liabilities	$	58		$	155
Current lease liabilities	Accrued liabilities	307			—
Non-current lease liabilities	Other long-term liabilities	173			194
Non-current lease liabilities	Other long-term liabilities	723			—
Total lease liabilities		$	1,261		$	349

Weighted average remaining lease term in years		3.1			4.5
Implicit Rate		9.1		%	5.2		%

Schedule of Cash Flow Impact


	December 31,
	2023		2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating lease cost (1) (2)	$	485	$	384
Finance lease cost	$	95	$	—

(1) Lease costs are classified on the Consolidated Statements of Operations in cost of sales, cost of compressors and selling, general and administrative expenses.

(2) Includes costs of $0.3 million for leases with terms of 12 months or less and $0.2 million for leases with terms greater than 12 months for the year ended December 31, 2023. Includes costs of $0.2 million for leases with terms of 12 months or less and $0.2 million for leases with terms greater than 12 months for the year ended December 31, 2022.

Schedule of Future Maturities of Lease Liabilities

The following table shows the future maturities of lease liabilities:


Year Ending December 31,	Lease Liabilities
	(in thousands)
2024	$	437
2025	419
2026	328
2027	38
2028	38
Thereafter	16
Total lease payments	1,276
Less: Imputed interest	(15)
Total	$	1,261