8. Leases and Leasing CommitmentsSupplemental cash flow information related to the Company’s operating and finance leases was as follows:
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Three Months Ended March 31, |
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2025 |
|
|
2024 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Financing cash flows for finance leases |
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$ |
53 |
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$ |
77 |
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Operating cash flows for finance leases |
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|
1,491 |
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|
|
1,468 |
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Operating cash flows for operating leases |
|
|
464 |
|
|
|
569 |
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Right of use assets obtained in exchange for new lease obligations: |
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|
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Finance lease liabilities |
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|
- |
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|
|
- |
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Operating lease liabilities |
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|
- |
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|
|
- |
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The components of lease expense were as follows:
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Three Months Ended March 31, |
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Lease expense |
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2025 |
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|
2024 |
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Finance lease expense: |
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|
|
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Amortization of right-of-use assets |
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$ |
494 |
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|
$ |
588 |
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Interest on lease liabilities |
|
|
1,664 |
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|
|
1,652 |
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Operating lease expense |
|
|
86 |
|
|
|
414 |
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Short-term lease expense |
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|
- |
|
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|
- |
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|
|
|
|
|
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Variable lease expense |
|
|
43 |
|
|
|
74 |
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Total lease expense |
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$ |
2,287 |
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|
$ |
2,728 |
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