v3.26.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2025
Leases  
SUMMARY OF OPERATING LEASE LIABILITIES

The following table provides a summary of the Company’s operating lease liabilities (in thousands):

 

   2025   2024 
   As of December 31, 
   2025   2024 
         
Current operating lease liability  $864   $823 
Non-current operating lease liability   4,069    3,262 
Total operating lease liability  $4,933   $4,085 
SCHEDULE OF COMPONENTS OF LEASE COST

The following table provides a summary of the components of lease costs and rent (in thousands):

 

   2025   2024 
   For the year ended December 31, 
   2025   2024 
         
Operating lease cost  $1,401   $1,288 
Variable lease cost   421    380 
Short-term lease cost   46    49 
Total operating lease costs  $1,868   $1,717 
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Future minimum lease payments and obligations, which do not include short-term leases, related to the Company’s operating lease liabilities as of December 31, 2025 were as follows (in thousands):

 

Future minimum lease payments and obligations  Operating Leases 
     
2026  $864 
2027   1,295 
2028   1,325 
2029   1,357 
2030   1,387 
Total undiscounted operating lease payments   6,228 
Less: imputed interest   1,295 
Present value of operating lease liabilities  $4,933