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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Lease Costs | Operating and finance leases consist of the following (in thousands):
|  |  |  | December 31,
Lease Balance |  | Classification |  | 2023 |  | 2022
Lease Assets |  |  |  |  |  |
Operating |  | Operating lease right-of-use assets |  | $ | 3,286 |  |  | $ | 4,885 |
Finance |  | Property and equipment, net |  | $ | 810 |  |  | $ | 1,427 |
Lease Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Operating lease liabilities |  | $ | 976 |  |  | $ | 1,040 |
Finance |  | Accrued and other current liabilities |  | $ | 490 |  |  | $ | 700 |
Non-current |  |  |  |  |  |
Operating |  | Non-current operating lease liabilities |  | $ | 2,760 |  |  | $ | 4,493 |
Finance |  | Other non-current liabilities |  | $ | 358 |  |  | $ | 848 |
Costs associated with the Company's leases were included in the statements of operations as follows (in thousands):
|  | Year Ended December 31,
Lease Cost |  | 2023 |  | 2022
Operating leases |  |  |  |
Operating lease cost(1) |  | $ | 1,463 |  |  | $ | 1,540 |
Finance lease cost |  |  |  |
Amortization of lease assets |  | 556 |  |  | 679
Interest on finance lease liabilities |  | 128 |  |  | 80
Total lease cost |  | $ | 2,147 |  |  | $ | 2,299 |
(1) Includes variable lease cost of $129,000 and $165,000 for the years ended December 31, 2023 and 2022, respectively. Supplemental cash flow information on leases is as follows (in thousands):
|  | Year Ended December 31,
Cash paid for amounts included in the measurement of lease liabilities |  | 2023 |  | 2022
Operating cash out flows from operating leases |  | $ | 1,405 |  |  | $ | 1,262 |
Operating cash out flows from interest paid on finance leases |  | $ | 128 |  |  | $ | 80 |
Financing cash out flows from finance leases |  | $ | 697 |  |  | $ | 667 |
Information regarding the weighted-average lease term and weighted average discount rate are as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022
Weighted-average remaining lease term (years) |  |  |  |
Operating leases |  | 3.3 |  | 4.3
Finance leases |  | 2.06 |  | 1.94
Weighted-average discount rate |  |  |  |
Operating leases |  | 8.0 | % |  | 8.0 | %
Finance leases |  | 12.2 | % |  | 4.8 | %
Schedule of Lessee, Operating Lease, Liability, Maturity | Future payments under operating and finance leases as of December 31, 2023 are as follows (in thousands):
|  | Operating Leases |  | Finance Leases
2024 |  | $ | 1,240 |  |  | $ | 574 |
2025 |  | 1,277 |  |  | 248 |
2026 |  | 1,315 |  |  | 147 |
2027 |  | 445 |  |  | 28 |
Total minimum lease payments |  | 4,277 |  |  | 997 |
Less: imputed interest |  | (541) |  |  | (149) |
Total lease liabilities |  | 3,736 |  |  | 848 |
Less: current portion |  | (976) |  |  | (490) |
Lease obligations, net of current portion |  | $ | 2,760 |  |  | $ | 358 |
Schedule of Finance Lease, Liability, Maturity | Future payments under operating and finance leases as of December 31, 2023 are as follows (in thousands):
|  | Operating Leases |  | Finance Leases
2024 |  | $ | 1,240 |  |  | $ | 574 |
2025 |  | 1,277 |  |  | 248 |
2026 |  | 1,315 |  |  | 147 |
2027 |  | 445 |  |  | 28 |
Total minimum lease payments |  | 4,277 |  |  | 997 |
Less: imputed interest |  | (541) |  |  | (149) |
Total lease liabilities |  | 3,736 |  |  | 848 |
Less: current portion |  | (976) |  |  | (490) |
Lease obligations, net of current portion |  | $ | 2,760 |  |  | $ | 358 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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