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LEASES (Tables)
12 Months Ended
Dec. 31, 2022
LEASES [Abstract]  
Summary of balance sheet presentation of our operating and finance leases

(dollars in thousands)

Classification on the Consolidated Balance Sheet

December 31, 2022

December 31, 2021

Assets:

Operating lease right-of-use assets, net

$

763

$

858

Finance lease right-of-use assets, net (1)

257

371

Total lease assets

$

1,020

$

1,229

Liabilities:

Current:

Current maturities of operating lease liabilities

$

199

$

166

Current maturities of finance lease liabilities

162

222

Noncurrent:

Operating lease liabilities, less current maturities

574

697

Finance lease liabilities, less current maturities

68

159

Total lease liabilities

$

1,003

$

1,244

(1)As of December 31, 2022 and 2021, finance lease right-of-use assets included $13 and $61, respectively, of assets related to finance leases associated with the HSRR program.
Summary of estimated future minimum lease payments for operating leases

(dollars in thousands)

    

Operating Leases

Finance Leases

Total

2023

$

252

$

101

$

353

2024

 

239

 

80

 

319

2025

 

205

 

65

 

270

2026

 

195

26

 

221

Total lease obligations

 

891

 

272

 

1,163

Less: Amount representing interest

 

(118)

 

(42)

 

(160)

Present value of net minimum lease obligations

 

773

 

230

 

1,003

Less, current portion

 

(199)

 

(162)

 

(361)

Long term portion

$

574

$

68

$

642

Summary of estimated future minimum lease payments for finance leases

As of December 31, 2022, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)

    

Operating Leases

Finance Leases

Total

2023

$

252

$

101

$

353

2024

 

239

 

80

 

319

2025

 

205

 

65

 

270

2026

 

195

26

 

221

Total lease obligations

 

891

 

272

 

1,163

Less: Amount representing interest

 

(118)

 

(42)

 

(160)

Present value of net minimum lease obligations

 

773

 

230

 

1,003

Less, current portion

 

(199)

 

(162)

 

(361)

Long term portion

$

574

$

68

$

642

Schedule of other information

December 31,

December 31,

2022

2021

Weighted-average remaining lease term (years):

Operating leases

3.7

4.7

Finance leases

2.8

3.1

Weighted-average discount rate:

Operating leases

8.00%

8.00%

Finance leases

10.31%

10.03%