XML 53 R33.htm IDEA: XBRL DOCUMENT v3.23.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
SCHEDULE OF BALANCE SHEET CLASSIFICATION

Supplemental balance sheet information related to leases was as follows:

 

   Balance Sheet  December 31, 
   Classification  2022   2021 
Assets      (in thousands) 
Operating leases  Right-of-use assets  $1,816   $2,077 
Finance leases  Right-of-use assets   8,614    14,282 
Total assets     $10,430   $16,359 
              
Liabilities             
Current liabilities             
Operating leases  Current portion of long-term debt  $621   $685 
Finance leases  Current portion of long-term debt   1,380    2,318 
Total current liabilities      2,001    3,003 
Noncurrent liabilities             
Operating leases  Long-term debt   665    1,529 
Finance leases  Long-term debt   235    2,923 
Total noncurrent liabilities      900    4,452 
Total liabilities     $2,901   $7,455 
SCHEDULE OF WEIGHTED AVERAGE DISCOUNT RATES OF LEASES

The weighted-average discount rates for the Company’s leases were as follows:

 

   December 31, 
   2022   2021 
Operating leases   5.0%   5.0%
Finance leases   6.1%   6.2%
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM

The weighted-average remaining lease term of the Company’s leases were as follows:

 

    December 31, 
    2022    2021 
Operating leases   6.4 years    6.6 years 
Finance leases   0.8 years    2.0 years 
SCHEDULE OF LEASE EXPENSE

The components of lease expense for the years ended December 31, 2022, 2021, and 2020 were as follows:

 

   2022   2021   2020 
   December 31, 
   2022   2021   2020 
   (in thousands) 
Operating lease cost  $987   $707   $674 
Finance lease cost:               
Amortization of right-of-use assets   470    466    509 
Interest on lease liabilities   190    446    655 
Total lease cost  $1,647   $1,619   $1,838 
SCHEDULE OF FUTURE OF LEASE LIABILITIES

As of December 31, 2022, future maturities of lease liabilities were as follows:

 

   Operating Leases   Finance Leases 
   (in thousands) 
2023   672    1,662 
2024   201    155 
2025   84    36 
2026   56    17 
2027   55    5 
Thereafter   406    - 
Total lease payments   1,474    1,875 
Less: Interest   (188)   (260)
Present value of lease liabilities  $1,286   $1,615 
SCHEDULE OF OTHER INFORMATION RELATED TO LEASES

Other information related to leases for the years ended December 31, 2022, 2021 and 2020 were as follows:

 

   2022   2021   2020 
   December 31, 
   2022   2021   2020 
   (in thousands) 
Cash paid for amounts included in the measurement of lease liabilities:               
Operating cash flows used for operating leases  $987   $707   $674 
Operating cash flows used for finance leases  $470   $466   $509 
Financing cash flows used for finance leases  $190   $446   $655