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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Lease Cost

The components of the lease costs were as follows:

 

 

 

 

Year Ended
 December 31, 2024

 

 

 

Year Ended
 December 31, 2023

 

Operating lease costs:

 

 

 

 

 

 

 

Fixed

 

$

634

 

 

 

$

737

 

Short-term

 

 

2,157

 

 

 

 

2,202

 

Total operating lease costs

 

$

2,791

 

 

 

$

2,939

 

Finance lease costs:

 

 

 

 

 

 

 

Amortization of leased assets

 

$

2,610

 

 

 

$

2,168

 

Interest on lease liabilities

 

 

3,061

 

 

 

 

2,759

 

Total finance lease costs

 

$

5,671

 

 

 

$

4,927

 

Total lease cost

 

$

8,462

 

 

 

$

7,866

 

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases were as follows:

 

 

 

 

 

 

 

December 31, 2024

 

 

 

December 31, 2023

 

Right of use assets:

 

 

 

 

 

 

 

Right of use asset operating lease

 

$

2,423

 

 

 

$

2,826

 

Right of use asset finance lease

 

 

45,081

 

 

 

 

40,277

 

Total

 

$

47,504

 

 

 

$

43,103

 

 

 

 

 

 

 

 

 

Lease liabilities:

 

 

 

 

 

 

 

Operating lease liabilities:

 

 

 

 

 

 

 

Current

 

$

519

 

 

 

$

470

 

Long-term

 

 

2,645

 

 

 

 

3,164

 

Total operating lease liabilities

 

$

3,164

 

 

 

$

3,634

 

 

 

 

 

 

 

 

 

Finance lease liabilities:

 

 

 

 

 

 

 

Current

 

 

1,256

 

 

 

$

1,378

 

Long-term

 

 

46,678

 

 

 

 

41,273

 

Total finance lease liabilities

 

$

47,934

 

 

 

$

42,651

 

Total

 

$

51,098

 

 

 

$

46,285

 

 

Supplemental Cash Flow Information

Supplemental cash flow information is as follows:

 

 

 

 

 

 

 

Year Ended
 December 31, 2024

 

 

 

Year Ended
 December 31, 2023

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

685

 

 

 

$

992

 

Operating cash flows for finance leases

 

 

3,061

 

 

 

 

2,759

 

Financing cash flows for finance leases

 

 

2,145

 

 

 

 

1,007

 

Total

 

$

5,891

 

 

 

$

4,758

 

 

 

 

 

 

 

 

 

Right of use assets obtained in exchange for new lease obligations:

 

 

 

 

 

 

 

Operating leases

 

$

-

 

 

 

$

1,805

 

Finance leases

 

 

7,414

 

 

 

 

9,352

 

Total

 

$

7,414

 

 

 

$

11,157

 

 

Future Minimum Operating Lease Payments

The aggregate future lease payments for leases as of December 31, 2024 are as follows:

 

 

 

 

 

Operating leases

 

 

 

Finance leases

 

2025

 

$

700

 

 

 

$

4,706

 

2026

 

 

716

 

 

 

 

4,935

 

2027

 

 

732

 

 

 

 

4,935

 

2028

 

 

749

 

 

 

 

4,935

 

2029

 

 

286

 

 

 

 

4,935

 

Thereafter

 

 

520

 

 

 

 

57,569

 

Total lease payments

 

 

3,703

 

 

 

 

82,015

 

Less: interest

 

 

(539

)

 

 

 

(34,081

)

Total

 

$

3,164

 

 

 

$

47,934

 

Operating Lease Information

Weighted average remaining lease term (years)

 

 

 

Operating leases

 

 

6.3

 

Finance leases

 

 

15.8

 

Weighted average discount rate

 

 

 

Operating leases

 

 

6.24

%

Finance leases

 

 

7.28

%