Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of the Components of Lease Costs
The components of the Company’s operating lease costs consisted of the following (in thousands):
Years Ended December 31,
2023 2022 2021
Operating lease cost $ 1,504  $ 1,333  $ 1,316 
Variable lease cost 336  301  243 
Total lease cost $ 1,840  $ 1,634  $ 1,559 
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
Years Ended December 31,
2023 2022 2021
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:
Operating cash flow from operating leases $ 1,441  $ 1,241  $ 1,271 
Right of use assets obtained in exchange for lease obligations:
Operating leases $ 3,356  $ 18  $ 926 
Increases to right of use assets resulting from lease modifications:
Operating leases $ 552  $ 1,050  $ — 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
2023 2022
Years Years
Weighted average remaining lease term: 6.2 6.7
Rate Rate
Weighted average discount rate: 7.7% 7.1%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of December 31, 2023 are as follows (in thousands):
Operating Leases
2024 $ 1,796 
2025 1,837 
2026 1,654 
2027 1,478 
2028 1,429 
Thereafter 2,424 
Total undiscounted lease payments 10,618 
Less: Imputed interest (3,345)
Total lease liabilities $ 7,273 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands):
Years Ended December 31,
2023 2022 2021
Net operating lease revenue
 $ 23,797  $ 24,413  $ 21,678 
Sales-type lease revenue 3,250  72  — 
Total lease revenue $ 27,047  $ 24,485  $ 21,678 
Schedule of Net Investment in Sales-type Leases
The components of our net investment in sales-type leases as of December 31, 2023 and 2022 were (in thousands):

2023 2022
Lease receivable $ 2,583  $ 45 
Net investment in leases $ 2,583  $ 45 

Our net investment in sales-type leases is classified as follows in the accompanying consolidated balance sheets as of December 31, 2023 and 2022 (in thousands):
2023 2022
Accounts receivable, net $ 1,067  $ 45 
Other assets 1,516  — 
Total $ 2,583  $ 45 
Schedule of Future Maturities of Sales-type Leases
Future maturities of sales-type leases as of December 31, 2023 are as follows (in thousands):
Sales-Type Leases
2024 $ 1,238 
2025 1,217 
2026 539 
Total undiscounted lease payments 2,994 
Less: Imputed interest (411)
Total lease receivables $ 2,583