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Note 19 - Leases - Schedule of Lease Payments (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
2025 $ 601  
2026 604  
2027 607  
2028 611  
2029 614  
After 2029 11,425  
Total lease payments (1) [1] 14,462  
Less: present value adjustment (2) [2] (10,095)  
Total operating lease liability $ 4,367 $ 4,300
[1] The remaining lease terms of the Partnership's two operating leases are 24 years and 19.4 years.
[2] The present value of the operating lease liability on the Partnership's Consolidated Balance Sheets was calculated using a 13.5% discount rate on the 30-year lease and a 13.4% discount rate on the 21.4-year lease. These rates represent the Partnership's estimated incremental borrowing rates under its two operating leases. As the Partnership's leases do not provide an implicit rate, the Partnership estimated the incremental borrowing rates at the time the leases were entered into by utilizing the rate of the Partnership's secured debt and adjusting it for factors that reflect the profile of borrowing over the 30-year and 21.4-year expected lease terms, respectively.