We have operating lease arrangements for corporate offices, cellular towers, storage units and small building spaces. The building space is used to house infrastructure, such as transmitters, antennae and other various equipment for the Company’s wireless paging services. For leases with a term of 12 months or less, renewal terms are generally of an evergreen nature (either month-to-month or year-to-year). For leases with a term greater than 12 months, renewal terms are generally explicit and provide for one to five optional renewals consistent with the initial term. Many of our leases, with the exception of those for our corporate offices, include options to terminate the lease within one year. Variable lease payments, residual value guarantees or purchase options are not generally present in these leases.

Lease costs are included in technology operations and general and administrative expenses in the Condensed Consolidated Statements of Operations. The following table presents lease costs disaggregated by type:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Dollars in thousands)	2025		2024		2025		2024

Operating lease cost	$	738	$	1,015	$	1,502	$	2,050
Short-term lease cost	1,918		2,449		3,933		4,901
Total lease cost	$	2,656	$	3,464	$	5,435	$	6,951


	For the Six Months Ended June 30,
(Dollars in thousands)	2025		2024


Cash paid for amounts included in the measurement of lease liabilities - operating leases	$	1,508	$	2,416
Right-of-use assets obtained in exchange for lease obligations	$	300	$	755


(Dollars in thousands)	June 30, 2025	December 31, 2024

Weighted average remaining lease term - operating leases (in years)	4.00	4.30
Weighted average discount rate - operating leases	6.67%	6.56%


For the Year Ending December 31,	(Dollars in thousands)

2025 (remaining six months)	$	1,454
2026	2,554
2027	1,950
2028	1,359
2029	521
Thereafter	1,010
Total future lease payments	8,848
Imputed interest	(1,013)
Total	$	7,835