v3.25.3
Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases LEASES
The Company has operating and finance leases for office, manufacturing and warehouse facilities and automobiles. The Company’s leases have remaining lease terms of less than one year to ten years. Options to renew or extend leases beyond their initial term have been excluded from measurement of the right-of-use (ROU) assets and lease liabilities as exercise is not reasonably certain.
The weighted average remaining lease term and the discount rate for the reporting periods are as follows:
September 30, 2025December 31, 2024
Operating Leases
Weighted average remaining lease term (years)5.44.4
Weighted average discount rate6.9%6.9%
Finance Leases
Weighted average remaining lease term (years)4.95.7
Weighted average discount rate7.0%7.0%
A letter of credit for $1,250 issued to the lessor of the Company's corporate headquarters building is renewed annually and remains outstanding as of September 30, 2025.
The components of lease expense are as follows:
 Three Months Ended
September 30,		Nine Months Ended
September 30,
 2025202420252024
Operating lease cost$504 $423 $1,461 $1,187 
 
Finance lease cost:
Amortization of right-of-use assets262 262 786 785 
Interest on lease liabilities137 157 426 474 
Total finance lease cost$399 $419 $1,212 $1,259 
Short-term lease expense was not significant for the three and nine months ended September 30, 2025 and 2024.
Supplemental cash flow information related to leases is as follows:
Nine Months Ended
September 30, 2025		Nine Months Ended
September 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,528 $1,206 
Operating cash flows for finance leases426 474 
Financing cash flows for finance leases876 774 
Right-of-use assets and corresponding lease obligations related to new and modified lease agreements:
Operating leases$2,010 $2,651 
Finance leases— 421 
Supplemental balance sheet information related to leases is as follows:
September 30, 2025December 31, 2024
Operating Leases
Operating lease right-of-use assets$6,800 $5,727 
Other current liabilities
$1,659 $1,619 
Finance and operating lease liabilities
5,551 4,579 
Total operating lease liabilities$7,210 $6,198 
Finance Leases
Property and equipment, at cost$14,765 $14,765 
Accumulated depreciation(9,661)(8,875)
Property and equipment, net $5,104 $5,890 
Other current liabilities
$1,275 $1,186 
Finance and operating lease liabilities
6,316 7,281 
Total finance lease liabilities$7,591 $8,467 
Future maturities of lease liabilities as of September 30, 2025 are as follows:
Operating LeasesFinance Leases
2025 (excluding the nine months ended September 30, 2025)
$506 $441 
20261,831 1,775 
20271,779 1,808 
20281,361 1,842 
2029971 1,818 
2030 and thereafter
2,377 1,339 
Total payments $8,825 $9,023 
Less imputed interest(1,615)(1,432)
Total$7,210 $7,591 
Leases LEASES
The Company has operating and finance leases for office, manufacturing and warehouse facilities and automobiles. The Company’s leases have remaining lease terms of less than one year to ten years. Options to renew or extend leases beyond their initial term have been excluded from measurement of the right-of-use (ROU) assets and lease liabilities as exercise is not reasonably certain.
The weighted average remaining lease term and the discount rate for the reporting periods are as follows:
September 30, 2025December 31, 2024
Operating Leases
Weighted average remaining lease term (years)5.44.4
Weighted average discount rate6.9%6.9%
Finance Leases
Weighted average remaining lease term (years)4.95.7
Weighted average discount rate7.0%7.0%
A letter of credit for $1,250 issued to the lessor of the Company's corporate headquarters building is renewed annually and remains outstanding as of September 30, 2025.
The components of lease expense are as follows:
 Three Months Ended
September 30,		Nine Months Ended
September 30,
 2025202420252024
Operating lease cost$504 $423 $1,461 $1,187 
 
Finance lease cost:
Amortization of right-of-use assets262 262 786 785 
Interest on lease liabilities137 157 426 474 
Total finance lease cost$399 $419 $1,212 $1,259 
Short-term lease expense was not significant for the three and nine months ended September 30, 2025 and 2024.
Supplemental cash flow information related to leases is as follows:
Nine Months Ended
September 30, 2025		Nine Months Ended
September 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,528 $1,206 
Operating cash flows for finance leases426 474 
Financing cash flows for finance leases876 774 
Right-of-use assets and corresponding lease obligations related to new and modified lease agreements:
Operating leases$2,010 $2,651 
Finance leases— 421 
Supplemental balance sheet information related to leases is as follows:
September 30, 2025December 31, 2024
Operating Leases
Operating lease right-of-use assets$6,800 $5,727 
Other current liabilities
$1,659 $1,619 
Finance and operating lease liabilities
5,551 4,579 
Total operating lease liabilities$7,210 $6,198 
Finance Leases
Property and equipment, at cost$14,765 $14,765 
Accumulated depreciation(9,661)(8,875)
Property and equipment, net $5,104 $5,890 
Other current liabilities
$1,275 $1,186 
Finance and operating lease liabilities
6,316 7,281 
Total finance lease liabilities$7,591 $8,467 
Future maturities of lease liabilities as of September 30, 2025 are as follows:
Operating LeasesFinance Leases
2025 (excluding the nine months ended September 30, 2025)
$506 $441 
20261,831 1,775 
20271,779 1,808 
20281,361 1,842 
2029971 1,818 
2030 and thereafter
2,377 1,339 
Total payments $8,825 $9,023 
Less imputed interest(1,615)(1,432)
Total$7,210 $7,591