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LEASES
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company has a non-cancelable operating lease through December 31, 2030 for its corporate office, which is located in Lake Forest, Illinois (the “Lake Forest Lease”). Additionally, in connection with the Spectrum Merger, the Company assumed leases for two facilities and certain office equipment which Spectrum had previously been the lessee (See Note 14, Restructuring Charges).

The following table reflects lease expense for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Financial Statement Classification2025202420252024
Operating lease costSelling, general and administrative expenses$61 $65 $121 $131 
The following table reflects supplemental cash flow information related to leases for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$119 $258 $238 $540 
The following table reflects supplemental balance sheet information related to leases as of June 30, 2025 and December 31, 2024 (in thousands):
Financial Statement ClassificationJune 30, 2025December 31, 2024
Assets
Operating lease right-of-use assetsOther long-term assets$1,049 $1,125 
Liabilities
Current operating lease liabilitiesOther current liabilities$266 $331 
Noncurrent operating lease liabilitiesOther long-term liabilities995 1,122 
Total lease liabilities$1,261 $1,453 
LEASES LEASES
The Company has a non-cancelable operating lease through December 31, 2030 for its corporate office, which is located in Lake Forest, Illinois (the “Lake Forest Lease”). Additionally, in connection with the Spectrum Merger, the Company assumed leases for two facilities and certain office equipment which Spectrum had previously been the lessee (See Note 14, Restructuring Charges).

The following table reflects lease expense for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Financial Statement Classification2025202420252024
Operating lease costSelling, general and administrative expenses$61 $65 $121 $131 
The following table reflects supplemental cash flow information related to leases for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$119 $258 $238 $540 
The following table reflects supplemental balance sheet information related to leases as of June 30, 2025 and December 31, 2024 (in thousands):
Financial Statement ClassificationJune 30, 2025December 31, 2024
Assets
Operating lease right-of-use assetsOther long-term assets$1,049 $1,125 
Liabilities
Current operating lease liabilitiesOther current liabilities$266 $331 
Noncurrent operating lease liabilitiesOther long-term liabilities995 1,122 
Total lease liabilities$1,261 $1,453