COMMITMENTS AND CONTINGENCIES (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
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| Commitments and Contingencies Disclosure [Abstract] |
|
| Schedule of lease liabilities |
| Schedule of lease liabilities | |
| | |
| |
| | |
June 30,
2025 | | |
December 31,
2024 | |
| Right-of-use assets – operating leases | |
$ | 29,331 | | |
$ | 33,613 | |
| | |
| | | |
| | |
| Operating lease liabilities, current portion | |
| 7,779 | | |
| 9,627 | |
| Operating lease liabilities, net of current portion | |
| 21,552 | | |
| 23,986 | |
| Total operating lease liabilities | |
$ | 29,331 | | |
$ | 33,613 | |
|
| Schedule of other supplemental information |
| Schedule of other supplemental information | |
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| | | |
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| | |
| | |
For the three months ended | | |
For the six months ended | |
| | |
June 30,
2025 | | |
June 30,
2024 | | |
June 30,
2025 | | |
June 30,
2024 | |
| Weighted-average remaining lease term (in years) | |
| 3.09 | | |
| 1.80 | | |
| 3.09 | | |
| 1.80 | |
| Weighted-average discount rate | |
| 15% | | |
| 15% | | |
| 15% | | |
| 15% | |
| | |
| | | |
| | | |
| | | |
| | |
| Cash paid for amounts included in the measurement of lease liabilities: | |
| | | |
| | | |
| | | |
| | |
| Operating cash flows from operating leases (in thousands) | |
| 3,138 | | |
| 2,846 | | |
| 7,167 | | |
| 5,320 | |
|
| Schedule of operating lease cost |
| Schedule of operating lease cost | |
| | | |
| | | |
| | | |
| | |
| | |
For the three months ended | | |
For the six months ended | |
| (in thousands) | |
June 30,
2025 | | |
June 30,
2024 | | |
June 30,
2025 | | |
June 30,
2024 | |
| Operating lease cost | |
$ | 3,138 | | |
$ | 2,846 | | |
$ | 7,167 | | |
$ | 5,320 | |
| Short term lease cost | |
| 148 | | |
| 14 | | |
| 151 | | |
| 112 | |
| Variable lease cost | |
| 1,217 | | |
| 716 | | |
| 1,928 | | |
| 830 | |
| Total lease cost | |
$ | 4,503 | | |
$ | 3,576 | | |
$ | 9,246 | | |
$ | 6,262 | |
|
| Schedule of reconciliation of future lessee lease payments |
| Schedule of reconciliation of future lessee lease payments |
|
|
|
|
| |
|
Operating
Leases |
|
| 2025 |
|
$ |
7,041 |
|
| 2026 |
|
|
11,896 |
|
| 2027 |
|
|
9,795 |
|
| 2028 |
|
|
5,871 |
|
| 2029 |
|
|
1,654 |
|
| hereafter |
|
|
49 |
|
| Total lease payments |
|
$ |
36,306 |
|
| Less: Imputed interest |
|
|
(6,975 |
) |
| Present value of lease liabilities |
|
$ |
29,331 |
|
|
| Schedule of other supplemental information |
| Schedule of other supplemental information |
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|
For the three months ended |
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|
For the six months ended |
|
| |
|
June 30,
2025 |
|
|
June 30,
2024 |
|
|
June 30,
2025 |
|
|
June 30,
2024 |
|
| Weighted-average remaining lease term (in years) |
|
|
– |
|
|
|
0.25 |
|
|
|
– |
|
|
|
0.25 |
|
| Weighted-average discount rate |
|
|
– |
|
|
|
15% |
|
|
|
– |
|
|
|
15% |
|
| |
|
|
|
|
|
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| Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating cash flows from finance leases |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
| Financing cash flows from finance leases |
|
$ |
– |
|
|
$ |
244 |
|
|
$ |
– |
|
|
$ |
244 |
|
|
| Schedule of finance lease cost |
| Schedule of finance lease cost |
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|
For the three months ended |
|
|
For the six months ended |
|
| |
|
June 30,
2025 |
|
|
June 30,
2024 |
|
|
June 30,
2025 |
|
|
June 30,
2024 |
|
| Amortization of right-of-use-assets |
|
$ |
– |
|
|
$ |
87 |
|
|
$ |
– |
|
|
$ |
175 |
|
| Interest on lease liabilities |
|
|
– |
|
|
|
40 |
|
|
|
– |
|
|
|
80 |
|
| Total finance lease expense |
|
$ |
– |
|
|
$ |
127 |
|
|
$ |
– |
|
|
$ |
255 |
|
|