LEASES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LEASES | LEASES The Group has operating leases for office spaces and warehouses. Certain leases include renewal options and/or termination options, which are factored into the Group's determination of lease payments when appropriate. Operating lease cost for the three months ended June 30, 2025 and 2024 was $844 and $859, and for the six months ended June 30, 2025 and 2024 was $1,701 and $1,719 respectively, which excluded cost of short-term contracts. Short-term lease cost for the three months ended June 30, 2025 and 2024 was $45 and $145, and for the six months ended June 30, 2025 and 2024 was $91 and $304, respectively. As of June 30, 2025, the weighted average remaining lease term was 8.9 years and weighted average discount rate was 5.1% for the Group's operating leases. Supplemental cash flow information of the leases were as follows:
The following is a maturity analysis of the annual undiscounted cash flows for lease liabilities as of June 30, 2025:
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