v3.26.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense were as follows for the years ended December 31:

 

Lease Cost  2025   2024 
Operating lease cost  $2,364   $2,318 
Finance lease interest cost   42    25 
Finance lease amortization expense   212    451 
Total lease cost  $2,618   $2,794 
SCHEDULE OF SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS INFORMATION RELATED TO LEASES

Supplemental balance sheets information related to leases was as follows as of December 31:

 

   Balance Sheets Location  2025   2024 
Assets             
Operating lease assets  Operating lease assets  $7,016   $8,139 
Finance lease assets  Property, plant and equipment   714    411 
Total leased assets     $7,730   $8,550 
              
Liabilities             
Current             
Current operating lease liabilities  Current portion of operating lease obligations  $1,332   $1,175 
Current finance lease liabilities  Current portion of finance lease obligations   274    143 
Noncurrent             
Long-term operating lease liabilities  Long-term operating lease liabilities, net   6,476    7,773 
Long-term finance lease liabilities  Long-term finance lease obligations, net   626    311 
Total lease liabilities     $8,708   $9,402 
SCHEDULE OF SUPPLEMENTAL CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS INFORMATION

Supplemental cash flow information related to leases was as follows for the years ended December 31:

  

   2025   2024 
Operating Leases          
Cash paid for amounts included in the measurement of lease liabilities  $1,806   $1,821 
Operating lease assets obtained in exchange for lease obligations  $-   $2,336 
SCHEDULE OF FUTURE PAYMENTS OF LEASE LIABILITIES

Future maturities of lease liabilities were as follows:

  

  

Operating Leases

  

Finance Leases

   Total 
  

Operating

Leases

  

Finance

Leases

   Total 
2026  $1,873   $320   $2,193 
2027   1,580    211    1,791 
2028   1,569    211    1,780 
2029   979    196    1,175 
2030   900    76    976 
Thereafter   3,769    -    3,769 
Total lease payments  $10,670   $1,014   $11,684 
Less: interest   (2,862)   (114)   (2,976)
Present value of lease liabilities  $7,808   $900   $8,708 
SCHEDULE OF LEASE TERM AND DISCOUNT RATE

The lease term and discount rate as of December 31, 2025 were as follows:

  

Weighted-average remaining lease term (years)    
Operating leases   7.1 
Finance leases   4.0 
Weighted-average discount rate     
Operating leases   8.1%
Finance leases   6.7%