XML 25 R17.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases | 6 Months Ended
--- | ---
Jun. 30, 2024
Lessee Disclosure [Abstract] |
Leases | 9. Leases Operating Leases As of June 30, 2024, the Company leases office space in Dallas, TX, Davis and Sacramento, CA, as well as additional buildings, land and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these short-term leases on a straight-line basis. The Company subleases the Davis office to third parties. Some leases (the Dallas and Davis offices, a warehouse, and a copy machine) include one or more options to renew, with renewal terms that can extend the lease term from one to six years. The exercise of lease renewal options is at the Company’s sole discretion. In January 2024, the Company exercised it's option to renew the facility lease in American Falls, Idaho for one year through December 31, 2024. The lease renewal resulted in recognition of additional right-of-use asset and lease liability of $86,000 on the condensed consolidated balance sheet. The Company’s lease agreements do not contain any material variable lease payments, material residual value guarantees or material restrictive covenants. Leases consisted of the following (in thousands):
Leases |  | Classification |  | June 30, 2024 |  |  | December 31, 2023 |
Assets |  |  |  |  |  |  |  |
Operating lease assets |  | Right of use asset |  | $ | 513 |  |  | $ | 792 |
Total leased assets |  |  |  | $ | 513 |  |  | $ | 792 |
Liabilities |  |  |  |  |  |  |  |
Current - Operating |  | Operating lease liability- current |  | $ | 563 |  |  | $ | 852 |
Noncurrent - Operating |  | Operating lease liability- noncurrent |  |  | 11 |  |  |  | 155 |
Total leased liabilities |  |  |  | $ | 574 |  |  | $ | 1,007 |
Lease Cost |  | Classification |  | Three Months Ended June 30, 2024 |  |  | Three Months Ended June 30, 2023 |  |  | Six Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2023 |
Operating lease cost |  | SG&A and R&D Expenses |  | $ | 242 |  |  | $ | 191 |  |  | $ | 507 |  |  | $ | 381 |
Short term lease cost |  | SG&A Expenses |  |  | 3 |  |  |  | 3 |  |  |  | 6 |  |  |  | 7 |
Sublease income (1) |  | SG&A and R&D Expenses |  |  | (141 | ) |  |  | (110 | ) |  |  | (262 | ) |  |  | (218 | )
Net lease cost |  |  |  | $ | 104 |  |  | $ | 84 |  |  | $ | 251 |  |  | $ | 170 |
(1) Sublease income is recorded as a reduction to lease expense.
Lease Term and Discount Rate |  | June 30, 2024 |  |  | December 31, 2023 |
Weighted-average remaining lease term (years) |  |  | 1.1 |  |  |  | 2.3 |
Weighted-average discount rate |  |  | 6.7 | % |  |  | 6.0 | %

X
- References No definition available. + Details
Name: | us-gaap_LesseeDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration