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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases

Schedule of balances for operating and finance leases

		March 31,
		2024
Operating lease:
Operating lease right-of-use assets, net		$	34,060,000

Current portion of operating lease obligations			958,000
Operating lease obligations, net of current portion			33,245,000
Total operating lease liabilities		$	34,203,000

Finance lease:
Finance lease right-of-use assets, net		$	22,000

Current portion of finance lease obligations			13,000
Finance lease obligations, net of current portion			7,000
Total finance lease liabilities		$	20,000

schedule of balances in the condensed consolidated balance sheets

		March 31,
		2024
Operating lease right-of-use assets, net		$	33,292,000

Current portion of operating lease obligations			789,000
Operating lease obligations, net of current portion			32,640,000
Total operating lease liabilities		$	33,429,000

Schedule of components of lease expense

		Three Months Ended March 31,
		2024				2023
Operating lease expense:
Operating lease cost		$	449,000			$	1,000
Short-term and variable lease cost			86,000				-
Finance lease expense:
Amortization of leased assets			1,000				-
Total lease expense		$	536,000			$	1,000

weighted average remaining lease term and weighted average discount rate

		March 31,
		2024
Weighted average remaining lease term (years)
Finance leases			1.61
Operating leases			14.60
Weighted average discount rate applied
Finance leases			3.95	%
Operating leases			8.22	%

Supplemental cash flow information related to leases

		Three Months Ended March 31,
		2024				2023
Operating cash outflows from operating leases		$	306,000			$	1,000
Financing cash outflows from finance leases			1,000				-
Leased assets obtained in excha nge for operating lease liabilities			34,289,000				-
Leased assets obtained in exchange for finance lease liabilities			22,000				-

Schedule of maturities of the operating and finance lease liabilities

		Operating				Finance
		Leases				Leases
Remainder of 2024		$	922,000			$	4,000
2025			3,723,000				14,000
2026			3,796,000				5,000
2027			3,872,000				-
2028			3,876,000				-
2029			3,798,000				-
Thereafter			39,994,000				-
Total minimum lease payments		$	59,981,000			$	23,000
Less: imputed interest			(25,778,000	)			(3,000	)
Total: present value of lease liabilities		$	34,203,000			$	20,000
Less: current portion			(958,000	)			(13,000	)
Long-term portion of lease liabilities		$	33,245,000			$	7,000