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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases  
SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost for the Company’s leases were as follows (in thousands):

 

   2024   2023 
   Twelve Months Ended December 31, 
   2024   2023 
         
Operating Leases:          
Lease cost  $541   $612 
           
Finance Leases:          
Amortization of ROU assets   261    163 
Interest on lease liability   81    33 
Finance lease   342    196 
           
Short-term lease rent expense   6    2 
           
Total lease cost  $889   $810 
SCHEDULE OF WEIGHTED AVERAGE LEASE

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases as of December 31, 2024, were:

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)   4.7    3.8 
           
Weighted average discount rate   7.7%   9.2%

 

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases as of December 31, 2023, were:

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)   5.6    4.5 
           
Weighted average discount rate   7.5%   8.7%
SCHEDULE OF OPERATING AND FINANCE LEASE LIABILITY MATURITY

The following table reconciles the undiscounted cash flows for the operating and finance leases as of December 31, 2024, to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

 

   Operating Leases   Finance Leases 
2025  $486   $345 
2026   479    191 
2027   447    157 
2028   343    134 
2029   334    102 
2030 and thereafter   73    — 
Total undiscounted lease payments   2,162    929 
Less: Imputed interest   (390)   (153)
Present value of lease payments  $1,772   $776 
           
Current portion of operating lease obligations  $345   $— 
Long-term operating lease obligations, less current portion  $1,427   $— 
Current portion of finance lease obligations  $—   $285 
Long-term finance lease obligations, less current portion  $—   $491 
SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES

Supplemental cash flow and other information related to our leases were as follows (in thousands):

 

   2024   2023 
   Twelve Months Ended December 31, 
   2024   2023 
Cash paid for amounts included in the measurement of lease liabilities:          
Operating cash flow from operating leases  $526   $582 
Operating cash flow from finance leases  $81   $33 
Financing cash flow from finance leases  $291   $189 
           
ROU assets obtained in exchange for lease obligations for:          
Finance liabilities  $—   $786 
Operating liabilities  $497   $466 
           
Reduction to ROU assets resulting from purchase of underlying asset:          
Operating liabilities  $404   $—