XML 47 R34.htm IDEA: XBRL DOCUMENT v3.25.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2025
Leases  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense are as follows:

 

(in thousands)  2025   2024   2025   2024 
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
(in thousands)  2025   2024   2025   2024 
Operating lease expense  $797   $629   $2,559   $1,964 
Finance lease expense:                    
Amortization of leased assets   3    -    9    - 
Interest on lease liabilities   1    -    1    - 
Total finance lease expense   4    -    10    - 
Total lease expense  $801   $629   $2,569   $1,964 
SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases is as follows:

 

(in thousands)  2025   2024 
   Nine Months Ended 
   September 30, 
(in thousands)  2025   2024 
Cash paid for amounts included in measurement of lease liabilities:          
Operating cash flows from operating leases  $2,188   $1,944 
Operating cash flows from finance leases   10    - 
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases is as follows:

 

   September 30,   December 31, 
(in thousands)  2025   2024 
Operating leases          
Operating lease right-of-use assets  $15,365   $16,746 
           
Operating lease liabilities, current   3,154    2,682 
Operating lease liabilities, net of current portion   14,434    15,954 
Total operating lease liabilities  $17,588   $18,636 
           
Finance leases          
Property and equipment, at cost  $157   $112 
Accumulated depreciation   (120)   (112)
Property and equipment, net  $37   $- 
           
Weighted Average Remaining Lease Term          
Operating leases   6.0 years    6.8 years 
Finance leases   2.5 years    n/a 
           
Weighted Average Discount Rate          
Operating leases   4.9%   4.9%
Finance leases   5.5%   n/a 
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

As of September 30, 2025, maturities of lease liabilities are as follows:

 

(in thousands)  Operating   Finance 
Years Ended December 31,  Leases   Leases 
2025 (remainder of year)  $870   $4 
2026   3,420    16 
2027   3,449    16 
2028   3,386    7 
2029   3,309    5 
Thereafter   5,716    - 
Total minimum lease payments   20,150    48 
Less: amount representing interest   (2,562)   (3)
Present value of capital lease liabilities  $17,588   $45