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Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases  
Schedule of lease cost

As of March 31, 2026, 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 months ended March 31, 2026 and 2025 (dollars in thousands):

 

Three Months Ended March 31, 2026

 

Three Months Ended March 31, 2025

 

Related Parties

Others

Total

 

Related Parties

Others

Total

Lease Cost

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Capitalized operating lease cost

$

$

521

$

521

$

$

461

$

461

Short-term lease cost

 

418

 

141

 

559

 

420

 

148

 

568

Total lease cost

$

418

$

662

$

1,080

$

420

$

609

$

1,029

Other Information

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:

 

 

 

 

 

 

Operating cash flows

$

$

463

$

463

$

$

513

$

513

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

 

 

Operating leases

$

$

6,056

$

6,056

$

$

$

Weighted-average remaining lease term (in years):

 

  ​

 

  ​

 

  ​

Capitalized operating leases

6.74

6.74

1.81

1.81

Weighted-average discount rate:

Capitalized operating leases

0.00%

4.64%

4.64%

0.00%

4.31%

4.31%

Schedule of future lease payments on capitalized operating leases

As of March 31, 2026, future lease payments over the remaining term of capitalized operating leases were as follows (in thousands):

For the Years Ended December 31, 

2026, excluding the three months ended March 31, 2026

$

637

2027

 

1,383

2028

 

1,227

2029

 

1,103

2030

1,142

Thereafter

3,240

$

8,732

Imputed interest

$

(1,352)

Lease liability balance at March 31, 2026

$

7,380