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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Components of Lease Expense The components of lease expense are as follows:
   Three months ended   Six months ended 
(in thousands)  June 30,
2024
   June 30,
2023
   June 30,
2024
   June 30,
2023
 
Operating lease expense  $173   $183   $346   $345 
                     
Finance lease cost                    
Amortization of right-to-use assets  $3   $1   $5   $2 
Interest on lease liabilities  $
-
   $
-
   $1   $1 
Total finance lease cost  $3   $1   $6   $3 
Schedule of Supplemental Cash Flow Information Related to Leases Supplemental cash flow information related to leases are as follows:
   Six months ended 
(in thousands)  June 30,
2024
   June 30,
2023
 
         
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flow use from operating leases  $306   $300 
Operating cash flow use from finance leases  $5   $2 
Financing cash flow use from finance leases  $5   $2 
           
Non-cash activity:          
           
Right-of-use assets obtained in exchange for lease obligations:          
Operating leases  $
-
   $
-
 
Finance Leases  $
-
   $
-
 

 

Schedule of Weighted Average Remaining Lease Terms Weighted average remaining lease terms are as follows at June 30, 2024:
Weighted average remaining lease term:   
Operating leases  3.1 years
Finance Leases  2.5 years
Schedule of Weighted Average Discount Rates Below is information on the weighted average discount rates used at the time that the leases were evaluated:
Weighted average discount rates:    
Operating leases   4.8%
Finance Leases   6.2%
Schedule of Maturities of Lease Liabilities Maturities of lease liabilities are as follows:
(in thousands)
Year ending December 31,
  Operating
Leases
   Finance
Leases
 
2024 (excluding six months ended June 30, 2024)   312    5 
2025   630    11 
2026   643    11 
2027   380    
-
 
Total lease payments  $1,965   $27 
Less imputed interest   (141)   (2)
Present value of lease liabilities  $1,824   $25