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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases  
SCHEDULE OF BALANCE SHEET CLASSIFICATION

Supplemental balance sheet information related to leases was as follows:

 

   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:

 

   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:

 

    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:

  

   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:

 

   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:

 

   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