LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of future minimum lease payments

The table below reconciles the undiscounted future minimum lease payments under the Company’s operating and finance leases to the total operating and capital lease liabilities recognized on the consolidated balance sheets as of December 31, 2024 (in thousands):


	Operating Lease Liability		Finance Lease Liability
2025		4,632		336
2026		4,428		312
2027		4,237		264
2028		2,172		171
2029		—		121
Total undiscounted future minimum lease payments	$	15,469	$	1,204
Less: difference between undiscounted lease payments and discounted lease liabilities:		(1,288)		(128)
Total lease liabilities	$	14,181	$	1,076

Schedule of components of lease expenses

Operating and finance lease costs were $3.8 million and $4.2 million for years ended December 31, 2024 and 2023, respectively, which were included in the consolidated statement of income under the following headings (in thousands):


	For the years ended December 31,
Operating Lease expense	2024		2023
Costs of revenue - devices and supplies	$	378	$	367
Sales and marketing expense		870		1,105
General and administrative		2,292		2,542
Total operating lease expense	$	3,540	$	4,014

Finance Lease expense
Amortization of right-of-use asset:
Selling, general and administrative	$	106	$	116
General and administrative		117		31
Total amortization of right-of-use asset		223		147
Interest expense and other		31		24
Total finance lease expense	$	254	$	171