Leases (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Lease Assets and Liabilities

The following table summarizes the balances as it relates to leases at the end of the period (in thousands):


	(*)	December 31, 2022
ROU asset	Other assets	$	4,060

Lease liability, current portion	Accrued expenses and other	$	1,162
Lease liability, long-term portion	Other long-term liabilities	3,256
Total lease liability		$	4,418

(*) Location on the consolidated balance sheet

Schedule of Lease Expense

The details of the Company’s operating leases are as follows (in thousands):


	Year Ended December 31, 2022
Operating lease expense	$	1,126
Variable lease expense	142
Short-term lease expense	177
Total lease expense	$	1,445

The Company’s weighted average remaining lease-term and weighted average discount rate are as follows:


	Year Ended December 31, 2022
Weighted average remaining lease-term	3.9 years
Weighted average discount rate	4.5	%

Supplemental cash flow and other information related to operating leases are as follows (in thousands):


	Year Ended December 31, 2022
Operating cash flows from operating leases	$	1,295
Non-cash investing activities:
Lease liabilities arising from obtaining right-of-use assets as of January 1, 2022	$	1,239
Lease liabilities arising from obtaining right-of-use assets during the year ended December 31, 2022	$	3,990

Schedule of Future Minimum Rental Payments for Operating Leases

The following table presents the maturities of lease liabilities as of December 31, 2022 (in thousands):


For the Year Ended December 31,	Operating Leases
2023	$	1,337
2024	1,261
2025	958
2026	950
2027	325

Total lease payments	4,831
Less: Imputed lease interest	(413)
Total lease liabilities	$	4,418

The following table represents future minimum lease obligations under non-cancelable operating leases accounted for in accordance with ASC 840, as of December 31, 2021 (in thousands):


For the Year Ended December 31,	Operating Leases
2022	$	489
2023	499
2024	200
2025	58
2026	6
Total	$	1,252