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Note 6 - Leases

9 Months Ended

Sep. 30, 2024

NOTE 6:

LEASES

The Company leases substantially all of its office space and vehicles under operating leases. The Company's leases have original lease periods expiring between 2025 and 2034. Many leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably certain. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early.

The following is a summary of weighted average remaining lease terms and discount rates for all of the Company’s operating leases:

September 30,

2024

(Unaudited)

Weighted average remaining lease term (years)

3.81

Weighted average discount rates

3.89

Total operating lease cost and cash payments for operating leases were as follows:

	Nine months ended September 30,				Three months ended September 30,
	2024		2023		2024		2023
	(unaudited)		(unaudited)		(unaudited)		(unaudited)

Operating lease cost	$	2,053	$	2,279	$	696	$	777
Cash payments for operating leases		2,022		2,255		713		771

Maturities of lease liabilities are as follows:

The remainder of 2024	$	821
2025		2,118
2026		946
2027		651
2028		343
2029 and thereafter		647
Total undiscounted cash flows		5,526
Less imputed interest		328
Present value of lease liabilities	$	5,198