XML 24 R17.htm IDEA: XBRL DOCUMENT
v3.25.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2025
Leases [Abstract] |
Leases | 8. 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 2033. Certain of the Company’s lease arrangements contain renewal provisions, exercisable at the Company's option. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company determines if an arrangement is an operating lease at inception. Leases with an initial term of 12 months or less are not recorded on the balance sheet. All other leases are recorded on the balance sheet with right-of-use (“ROU”) assets representing the right to use the underlying asset for the lease term and lease liabilities representing the obligation to make lease payments arising from the lease. Operating lease cost was $0.5 million for the three months ended June 30, 2025, of which $0.2 million was included in cost of goods sold and $0.3 million was included in selling, general and administrative expenses. Operating lease cost was $0.9 million for the six months ended June 30, 2025, of which $0.3 million was included in cost of goods sold and $0.6 million was included in selling, general and administrative expenses. Information related to leases (in thousands):
|  | Three Months Ended |  |  | Three Months Ended |
Operating cash flow information: |  | June 30, 2025 |  |  | June 30, 2024 |
Operating lease cost |  | $ | 484 |  |  | $ | 387 |
Operating lease - cash flow |  | $ | 492 |  |  | $ | 423 |
Non-cash activity: |  |  |  |  |  |
ROU assets obtained in exchange for lease liabilities |  | $ | 3,454 |  |  | $ | - |
|  | Six Months Ended |  |  | Six Months Ended |
Operating cash flow information: |  | June 30, 2025 |  |  | June 30, 2024 |
Operating lease cost |  | $ | 945 |  |  | $ | 729 |
Operating lease - cash flow |  | $ | 956 |  |  | $ | 776 |
Non-cash activity: |  |  |  |  |  |
ROU assets obtained in exchange for lease liabilities |  | $ | 3,454 |  |  | $ | 3,818 |
|  | June 30, 2025 |  |  | June 30, 2024 |
Weighted-average remaining lease term |  | 6.0 years |  |  | 4.0 years |
Weighted-average discount rate |  |  | 7 | % |  |  | 7 | %
Future minimum lease payments under non-cancelable leases as of June 30, 2025:
2025 (remaining) |  |  | 929 |
2026 |  |  | 1,817 |
2027 |  |  | 1,649 |
2028 |  |  | 1,688 |
2029 |  |  | 998 |
Thereafter |  |  | 2,077 |
Total future minimum lease payments |  | $ | 9,158 |
Less: imputed interest |  |  | (1,455 | )
Present value of lease liabilities - current |  |  | 1,525 |
Present value of lease liabilities - non-current |  | $ | 6,177 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration