v3.25.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2025
Leases  
NET OPERATING LEASE EXPENSE

For the three months ended March 31, 2025 and 2024, the net operating lease expenses were as follows (in thousands):

 

NET OPERATING LEASE EXPENSE

   2025   2024 
   Three months ended March 31, 
   2025   2024 
Operating lease expense  $67   $1,637 
Sublease income   (21)   (21)
Variable lease expense   6    330 
Total lease expense  $52   $1,946 
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES

The tables below show the beginning balances of the operating ROU assets and lease liabilities as of January 1, 2025 and the ending balances as of March 31, 2025, including the changes during the period (in thousands).

 

   Operating Lease
ROU Assets		 
     
Operating lease ROU assets at January 1, 2025  $670 
Amortization of operating lease ROU assets   (51)
Operating lease ROU assets at March 31, 2025  $619 

 

   Operating Lease
Liabilities		 
Operating lease liabilities at January 1, 2025  $684 
Principal payments on operating lease liabilities   (52)
Operating lease liabilities at March 31, 2025   632 
Less non-current portion   (419)
Current portion at March 31, 2025  $213 
MATURITIES OF OPERATING LEASE LIABILITIES

   As of
March 31, 2025		 
2025  $206 
2026   267 
2027   163 
2028   82 
Total payments   718 
Less imputed interest   (86)
Total operating lease liabilities  $632