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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | 15. Leases The Company has operating leases for office and warehouse space and equipment under various arrangements which provide the right to use the underlying asset and require lease payments for the lease term. The Company’s lease portfolio consists of operating leases which expire at various dates through 2029. Certain of the Company’s lease arrangements contain renewal provisions, exercisable at the Company's option. The probability of renewal is not reasonably certain and therefore not included in ROU assets and lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Operating lease cost was $1.7 million and $1.3 million for the years ended December 31, 2024 and 2023, respectively. For the years ended December 31, 2024 and 2023, $0.7 million and $0.5 million, respectively, was included in cost of goods sold and $1.0 million and $0.8 million, respectively, was included in selling, general and administrative expenses in the accompanying consolidated statements of operations. Information related to leases (dollars in 000’s):
|  | Year ended |  |  | Year ended |
Operating cash flow information: |  | December 31, 2024 |  |  | December 31, 2023 |
Operating lease cost |  | $ | 1,723 |  |  | $ | 1,344 |
Operating lease - cash flow |  | $ | 1,763 |  |  | $ | 1,406 |
Non-cash activity: |  |  |  |  |  |
ROU assets obtained in exchange for lease liabilities |  | $ | 4,632 |  |  | $ | 581 |
|  | December 31, 2024 |  |  | December 31, 2023 |
Weighted-average remaining lease term |  | 3.6 years |  |  | 2.0 years |
Weighted-average discount rate |  |  | 7 | % |  |  | 5 | %
Future minimum lease payments under non-cancellable leases as of December 31, 2024: (dollars in 000’s):
2025 |  | $ | 1,848 |
2026 |  |  | 1,295 |
2027 |  |  | 1,019 |
2028 |  |  | 1,042 |
2029 |  |  | 360 |
Total future minimum lease payments |  | $ | 5,564 |
Less: imputed interest |  |  | (633 | )
Present value of lease liabilities - current |  |  | 1,564 |
Present value of lease liabilities - non-current |  | $ | 3,367 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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