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 the Components of Lease Costs
The components of lease costs for the three months ended March 31, 2024 and 2023 are as follows (in thousands):
  Three Months Ended
March 31,
  2024 2023
Operating lease cost $ 473  $ 352 
Variable lease cost 75  76 
Total lease cost $ 548  $ 428 
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
  Three Months Ended
March 31,
2024 2023
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:    
Operating cash flow from operating leases $ 530  $ 449 
 
Right of use assets obtained in exchange for lease obligations:
Operating leases $ —  $ 381 
Increases to right of use assets resulting from lease modifications:
Operating leases $ —  $ 160 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
  As of March 31,
  2024 2023
 
 
Years
Years
Weighted average remaining lease term: 6.0 6.2
  Rate Rate
Weighted average discount rate: 7.8% 7.0%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of March 31, 2024 are as follows (in thousands):
 
Operating
Leases
2024 $ 1,309 
2025 1,837 
2026 1,654 
2027 1,478 
2028 1,429 
2029 and thereafter
 2,424 
Total undiscounted lease payments 10,131 
Less: Imputed interest (3,266)
Total lease liabilities $ 6,865 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands):
Three Months Ended
March 31,
2024 2023
Net operating lease revenue $ 6,111  $ 5,910 
Sales-type lease revenue 257  494 
Total lease revenue $ 6,368  $ 6,404 
Schedule of Net Investment in Sales-Type Leases
The components of our net investment in sales-type leases as of March 31, 2024 and December 31, 2023 were (in thousands):
March 31,
2024		 December 31,
2023
Lease receivable $ 2,531  $ 2,583 
Net investment in leases $ 2,531  $ 2,583 
Our net investment in sales-type leases is classified as follows in the accompanying condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023 were (in thousands):
March 31,
2024		 December 31,
2023
Accounts receivable, net $ 1,061  $ 1,067 
Other assets 1,470  1,516 
Total $ 2,531  $ 2,583 
Schedule of Future Maturities of Sales-Type Leases
Future maturities of sales-type leases as of March 31, 2024 are as follows (in thousands):
Sales-Type Leases
2024 $ 985 
2025 1,292 
2026 614 
2027 12 
2028 — 
Thereafter — 
Total undiscounted lease payments 2,903 
Less: Imputed interest (372)
Total lease receivables $ 2,531