v3.25.4
Note 8 - Leases
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]

8. LEASES

 

The following is a summary of the Company's lease cost:

 

  

December 31,

  

December 31,

 

($ in thousands)

 

2025

  

2024

 

Operating lease cost

 $3,022  $2,896 

Short-term lease cost

  806   1,205 

Variable lease cost

  396   363 

Total lease cost

 $4,224  $4,464 

 

The following is a summary of the Company's supplemental cash flow information related to leases:

 

  

December 31,

  

December 31,

 

($ in thousands)

 

2025

  

2024

 

Cash paid for operating lease liabilities

 $3,097  $2,921 

Operating lease assets obtained in exchange for lease liabilities

 $944  $869 

 

The weighted-average discount rate for operating leases as of December 31, 2025 is 4.1%. The weighted-average remaining lease term for operating leases as of December 31, 2025 is 2.1 years. Future undiscounted cash flows for operating leases for the fiscal periods subsequent to December 31, 2025 are as follows:

 

  

Operating

 

($ in thousands)

 

Leases

 

2026

 $2,791 

2027

  975 

2028

  547 

2029

  247 

2030

  79 

Total lease payments

  4,639 

Less: Interest

  (261)

Present value of lease liabilities

 $4,378