v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases  
SCHEDULE OF LEASE EXPENSE

The components of lease expense were as follows:

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
   ($ in thousands) 
Operating lease cost  $2,142   $2,451 
Short-term lease cost   5    4 
Variable lease cost   19    28 
Total - net lease cost  $2,166   $2,483 
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases was as follows:

 

   December 31, 2025   December 31, 2024 
   ($ in thousands) 
Operating leases:          
Operating lease ROU assets, net  $3,106   $3,133 
           
Current operating lease liabilities  $927   $1,287 
Non-current operating lease liabilities   2,187    1,847 
Total operating lease liabilities  $3,114   $3,134 
           
Operating leases:          
ROU assets  $4,876   $5,125 
Asset lease expense   (1,767)   (1,994)
Foreign exchange (loss)/gain   (3)   2 
ROU assets, net  $3,106   $3,133 
           
Weighted average remaining lease term (in years):          
Operating leases   6.1    5.0 
Weighted average discount rate:          
Operating leases   8.5%   14.2%
SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES

Supplemental cash flow and other information related to leases was as follows:

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
   ($ in thousands) 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases  $2,122   $2,467 
           
ROU assets obtained in exchange for lease liabilities:          
Operating leases, excluding terminations  $1,743   $864 
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities are as follows:

 

Operating leases - Years ending December 31,  ($ in thousands) 
2026  $1,134 
2027   756 
2028   447 
2029   238 
2030   225 
Thereafter   1,073 
Total lease payments   3,873 
Less: imputed interest   (759)
Total lease obligations   3,114 
Less: current obligations   927 
Long-term lease obligations  $2,187