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LEASES | 12 Months Ended
--- | ---
Dec. 31, 2024
LEASES |
LEASES | 9. LEASES The following table summarizes the components of lease cost: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
LEASE COST | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FINANCE LEASE COST: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use assets | $ | — | ​ | $ | — | ​ | $ | 14
Interest on lease obligation |  | — | ​ |  | — | ​ |  | 1
Total finance lease cost | ​ | — | ​ | ​ | — | ​ | ​ | 15
OPERATING LEASE COST: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total long-term operating lease cost |  | 367 | ​ |  | 365 | ​ |  | 387
Total short-term operating lease cost |  | 788 | ​ |  | 368 | ​ |  | 592
TOTAL LEASE COST | $ | 1,155 | ​ | $ | 733 | ​ | $ | 994
​ The following table summarizes supplemental balance sheet and other information related to leases at: ​
​ | ​ | ​ | ​ | ​ | ​
​ | December 31,
(in thousands) | 2024 | ​ | 2023
OPERATING LEASES: | ​ | ​ | ​ | ​ | ​
Operating lease right-of-use assets | $ | 545 | ​ | $ | 826
​ | ​ | ​ | ​ | ​ | ​
Current Portion of Operating Lease Liabilities | ​ | 318 | ​ | ​ | 320
Long-Term Operating Lease Liabilities | ​ | 227 | ​ | ​ | 506
TOTAL OPERATING LEASE LIABILITIES | $ | 545 | ​ | $ | 826
​ The following table presents other lease information related to the Company’s leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2024 | ​ | 2023
WEIGHTED-AVERAGE REMAINING LEASE TERM (YEARS): | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 2.0 | ​ | ​ | 2.7 | ​
Finance leases | ​ | — | ​ | ​ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
WEIGHTED-AVERAGE DISCOUNT RATE: | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 3.5 | % | ​ | 3.5 | %
​ ​ The following table summarizes supplemental cash flow information related to leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | December 31,
(in thousands) | 2024 | ​ | 2023 | ​ | 2022
OTHER INFORMATION: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease obligation: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | $ | 367 | ​ | $ | 365 | ​ | $ | 387
Financing cash flows from finance leases | ​ | — | ​ | ​ | — | ​ | ​ | 15
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets obtained in exchange for new operating lease obligations | ​ | — | ​ | ​ | — | ​ | ​ | 117
​ Future lease payments under non-cancellable leases as of December 31, 2024 were as follows: ​
​ | ​ | ​
​ | ​ | ​
​ | ​ | ​
(in thousands) | Operating Lease Obligations
Remaining lease payments to be paid during the year ended December 31, | ​ | ​
2025 | $ | 347
2026 | ​ | 161
2027 |  | 54
2028 |  | 39
Thereafter |  | 11
Total lease payments | ​ | 612
Less imputed interest | ​ | (67)
Lease obligation as of December 31, 2024 | $ | 545
​ Related Party Leases The Company’s subsidiary in the United Kingdom leased facilities used for manufacturing and office space from a related party with related lease costs during the year ended December 31, 2024 of $0.1 million, and $0.2 million for each of the years ended 2023 and 2022. The Company’s French subsidiary leased a fleet of vehicles from a related party with related lease costs of $0.1 million, $0.2 million, and $0.1 million for the year ended December 31, 2024, 2023, and 2022, respectively.

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- Definition The entire disclosure of information about leases. + References No definition available. + Details
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- References No definition available. + Details
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