Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

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LEASES (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Lease Cost
The components of lease expense for the three months ended March 31, 2024 and 2023 were as follows (in thousands):

Three months ended
March 31,
2024
March 31,
2023
Operating lease expense $ 517  $ 299 
Finance lease expenses:
Amortization of right of use assets $ 196  $ 54 
Interest on lease liabilities $ 82  $ 15 
Total finance lease expense $ 278  $ 69 
Schedule of Weighted Average Remaining Lease Terms and Discount Rates
The weighted average remaining lease terms and weighted average discount rates for the Company's operating leases and finance leases at March 31, 2024 and December 31, 2023 were as follows:
March 31,
2024
December 31,
2023
Weighted average remaining lease term (years):
  Operating leases 9.69 9.83
  Finance leases 3.56 3.29
Weighted average discount rate:
  Operating leases 11.0  % 11.0  %
  Finance leases 9.8  % 11.0  %
Schedule of Future Minimum Lease Payments
Future minimum lease payments as of March 31, 2024 under all non-cancelable leases having an initial or remaining term of more than one year were (in thousands):
Operating
leases
Finance
leases
Remainder of 2024 $ 1,462  $ 977 
2025 1,988  1,304 
2026 1,915  1,022 
2027 1,813  453 
2028 1,757  199 
Thereafter 2,230  431 
Total lease payments 11,165  4,386 
Less: imputed interest (992) (793)
$ 10,173  $ 3,593 
Schedule of Future Minimum Lease Payments
Future minimum lease payments as of March 31, 2024 under all non-cancelable leases having an initial or remaining term of more than one year were (in thousands):
Operating
leases
Finance
leases
Remainder of 2024 $ 1,462  $ 977 
2025 1,988  1,304 
2026 1,915  1,022 
2027 1,813  453 
2028 1,757  199 
Thereafter 2,230  431 
Total lease payments 11,165  4,386 
Less: imputed interest (992) (793)
$ 10,173  $ 3,593