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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases |
SCHEDULE OF BALANCE SHEET CLASSIFICATION | Supplemental balance sheet information related to leases was as follows: SCHEDULE OF BALANCE SHEET CLASSIFICATION
|  | Balance Sheet |  | December 31, |
|  | Classification |  | 2024 |  |  | 2023 |
Assets |  |  |  | (in thousands) |
Operating leases |  | Right-of-use assets |  | $ | 6,931 |  |  | $ | 3,377 |
Finance leases |  | Right-of-use assets |  |  | 9,252 |  |  |  | 9,887 |
Total assets |  |  |  | $ | 16,183 |  |  | $ | 13,264 |
Liabilities |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |
Operating leases |  | Current portion of long-term debt |  | $ | 635 |  |  | $ | 625 |
Finance leases |  | Current portion of long-term debt |  |  | 390 |  |  |  | 987 |
Total current liabilities |  |  |  |  | 1,025 |  |  |  | 1,612 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |
Operating leases |  | Long-term debt |  |  | 5,893 |  |  |  | 2,191 |
Finance leases |  | Long-term debt |  |  | 182 |  |  |  | 554 |
Total noncurrent liabilities |  |  |  |  | 6,075 |  |  |  | 2,745 |
Total liabilities |  |  |  | $ | 7,100 |  |  | $ | 4,357 |
SCHEDULE OF WEIGHTED AVERAGE DISCOUNT RATES OF LEASES | The weighted-average discount rates for the Company’s leases were as follows: SCHEDULE OF WEIGHTED AVERAGE DISCOUNT RATES OF LEASES
|  | December 31, |
|  | 2024 |  |  | 2023 |
Operating leases |  |  | 5.2 | % |  |  | 5.0 | %
Finance leases |  |  | 7.0 | % |  |  | 7.0 | %
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM | The weighted-average remaining lease term of the Company’s leases were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM
|  |  | December 31, |
|  |  | 2024 |  |  |  | 2023 |
Operating leases |  |  | 9.5 years |  |  |  | 6.5 years |
Finance leases |  |  | 0.5 years |  |  |  | 1.4 years |
SCHEDULE OF LEASE EXPENSE | The components of lease expense for the years ended December 31, 2024, 2023, and 2022 were as follows: SCHEDULE OF LEASE EXPENSE
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Operating lease cost |  | $ | 810 |  |  | $ | 581 |  |  | $ | 987 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 543 |  |  |  | 478 |  |  |  | 470 |
Interest on lease liabilities |  |  | 81 |  |  |  | 156 |  |  |  | 190 |
Total lease cost |  | $ | 1,434 |  |  | $ | 1,215 |  |  | $ | 1,647 |
SCHEDULE OF FUTURE OF LEASE LIABILITIES | As of December 31, 2024, future maturities of lease liabilities were as follows: SCHEDULE OF FUTURE OF LEASE LIABILITIES
|  | Operating Leases |  |  | Finance Leases |
|  | (in thousands) |
2025 |  | $ | 1,022 |  |  | $ | 465 |
2026 |  |  | 983 |  |  |  | 86 |
2027 |  |  | 949 |  |  |  | 57 |
2028 |  |  | 919 |  |  |  | 21 |
2029 |  |  | 857 |  |  |  | - |
Thereafter |  |  | 3,905 |  |  |  | - |
Total lease payments |  |  | 8,635 |  |  |  | 629 |
Less: Interest |  |  | (2,107 | ) |  |  | (57 | )
Present value of lease liabilities |  | $ | 6,528 |  |  | $ | 572 |
SCHEDULE OF OTHER INFORMATION RELATED TO LEASES | Other information related to leases for the years ended December 31, 2024, 2023, and 2022 were as follows: SCHEDULE OF OTHER INFORMATION RELATED TO LEASES
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Cash paid for amounts included in the measurement |  |  |  |  |  |  |  |  |  |  |  |
of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows used for operating leases |  | $ | 810 |  |  | $ | 581 |  |  | $ | 987 |
Operating cash flows used for finance leases |  | $ | 543 |  |  | $ | 478 |  |  | $ | 470 |
Financing cash flows used for finance leases |  | $ | 81 |  |  | $ | 156 |  |  | $ | 190 |

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