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Leases | 9 Months Ended
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Sep. 30, 2025
Leases |
Leases | Note 5–Leases ​ The Company leases certain facilities from a related party, which is a company affiliated with it through common ownership. The costs for these leases are presented within short-term lease cost in the below table. ​ As of September 30, 2025, there were no additional significant operating leases that have not yet commenced. Refer to the following table for quantitative information related to the Company’s leases for the three and nine months ended September 30, 2025 and 2024 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2025 |
​ |  | Related Parties | ​ | Others | ​ | Total |  | Related Parties | ​ | Others | ​ | Total |
Lease Cost | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Capitalized operating lease cost | ​ | $ | — | ​ | $ | 461 | ​ | $ | 461 | ​ | $ | — | ​ | $ | 1,383 | ​ | $ | 1,383 | ​
Short-term lease cost | ​ |  | 420 | ​ |  | 148 | ​ |  | 568 | ​ |  | 1,260 | ​ |  | 444 | ​ |  | 1,704 | ​
Total lease cost | ​ | $ | 420 | ​ | $ | 609 | ​ | $ | 1,029 | ​ | $ | 1,260 | ​ | $ | 1,827 | ​ | $ | 3,087 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other Information | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Operating cash flows | ​ | $ | — | ​ | $ | 516 | ​ | $ | 516 | ​ | $ | — | ​ | $ | 1,541 | ​ | $ | 1,541 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term (in years): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​
Capitalized operating leases | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | 1.47 | ​ | ​ | 1.47 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized operating leases | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | % | ​ | 4.33 | % | ​ | 4.33 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2024 | ​
​ |  | Related Parties | ​ | Others | ​ | Total |  | Related Parties | ​ | Others | ​ | Total | ​
Lease Cost | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Capitalized operating lease cost | ​ | $ | — | ​ | $ | 501 | ​ | $ | 501 | ​ | $ | — | ​ | $ | 1,445 | ​ | $ | 1,445 | ​
Short-term lease cost | ​ |  | 420 | ​ |  | 140 | ​ |  | 560 | ​ |  | 1,261 | ​ |  | 421 | ​ |  | 1,682 | ​
Total lease cost | ​ | $ | 420 | ​ | $ | 641 | ​ | $ | 1,061 | ​ | $ | 1,261 | ​ | $ | 1,866 | ​ | $ | 3,127 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other Information | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Operating cash flows | ​ | $ | — | ​ | $ | 550 | ​ | $ | 550 | ​ | $ | — | ​ | $ | 1,527 | ​ | $ | 1,527 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term (in years): | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Capitalized operating leases | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | 2.22 | ​ | ​ | 2.22 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized operating leases | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | % | ​ | 4.27 | % | ​ | 4.27 | %
​ As of September 30, 2025, future lease payments over the remaining term of capitalized operating leases were as follows (in thousands): ​
​ | ​ | ​ | ​
For the Years Ended December 31, | ​ | ​ | ​
2025, excluding the nine months ended September 30, 2025 | ​ | $ | 521
2026 | ​ |  | 1,205
2027 | ​ |  | 237
2028 | ​ |  | 161
2029 | ​ | ​ | —
Thereafter | ​ | ​ | —
​ | ​ | ​ | 2,124
Imputed interest | ​ | ​ | (63)
Lease liability balance at September 30, 2025 | ​ | $ | 2,061
​ As of September 30, 2025, the right-of-use, or ROU, asset had a balance of $1,781. The long-term lease liability was $437 and the short-term lease liability, which is included in accrued expenses and other liabilities on the condensed consolidated balance sheets, was $1,624. As of December 31, 2024, the ROU asset had a balance of $3,077. The long-term lease liability was $1,552 and the short-term lease liability, which is included in accrued expenses and other liabilities on the condensed consolidated balance sheets, was $1,805.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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