XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2025
LEASES [Abstract]  
Summary of balance sheet presentation of our operating and finance leases

(dollars in thousands)

Classification on the Condensed Consolidated Balance Sheet

June 30, 2025

December 31, 2024

Assets:

Operating lease right-of-use assets, net

$

1,756

$

395

Finance lease right-of-use assets, net

797

517

Total lease assets

$

2,553

$

912

Liabilities:

Current:

Current maturities of operating lease liabilities

$

236

$

201

Current maturities of finance lease liabilities

171

124

Noncurrent:

Operating lease liabilities, less current maturities

1,543

206

Finance lease liabilities, less current maturities

570

348

Total lease liabilities

$

2,520

$

879

Summary of estimated future minimum lease payments for operating leases

As of June 30, 2025, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)

    

Operating Leases

Finance Leases

Total

June 30,

June 30,

June 30,

2025

2025

2025

2025 (remaining)

$

194

$

125

$

319

2026

 

414

 

225

 

639

2027

 

459

 

199

 

658

2028

 

495

158

 

653

2029

529

101

630

Thereafter

 

176

 

151

 

327

Total lease obligations

 

2,267

 

959

 

3,226

Less: Amount representing interest

 

(488)

 

(218)

 

(706)

Present value of net minimum lease obligations

 

1,779

 

741

 

2,520

Less, current portion

 

(236)

 

(171)

 

(407)

Long term portion

$

1,543

$

570

$

2,113

Summary of estimated future minimum lease payments for finance leases

As of June 30, 2025, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)

    

Operating Leases

Finance Leases

Total

June 30,

June 30,

June 30,

2025

2025

2025

2025 (remaining)

$

194

$

125

$

319

2026

 

414

 

225

 

639

2027

 

459

 

199

 

658

2028

 

495

158

 

653

2029

529

101

630

Thereafter

 

176

 

151

 

327

Total lease obligations

 

2,267

 

959

 

3,226

Less: Amount representing interest

 

(488)

 

(218)

 

(706)

Present value of net minimum lease obligations

 

1,779

 

741

 

2,520

Less, current portion

 

(236)

 

(171)

 

(407)

Long term portion

$

1,543

$

570

$

2,113

Schedule of other information

June 30,

December 31,

2025

2024

Weighted-average remaining lease term (years):

Operating leases

4.9

1.9

Finance leases

4.8

4.4

Weighted-average discount rate:

Operating leases

10.00%

8.00%

Finance leases

11.96%

11.20%