We have operating lease arrangements for corporate offices, cellular towers, storage units and small building spaces. The building space is used to house infrastructure, such as transmitters, antennae and other various equipment for the Company’s wireless paging services. For leases with a term of 12 months or less, renewal terms are generally of an evergreen nature (either month-to-month or year-to-year). For leases with a term greater than 12 months, renewal terms are generally explicit and provide for one to five optional renewals consistent with the initial term. Many of our leases, with the exception of those for our corporate offices, include options to terminate the lease within one year. Variable lease payments, residual value guarantees or purchase options are not generally present in these leases.

Lease costs are included in technology operations and general and administrative expenses in the Condensed Consolidated Statements of Operations. The following table presents lease costs disaggregated by type:


	For the Three Months Ended March 31,
(Dollars in thousands)	2026		2025

Operating lease cost	$	686	$	764
Short-term lease cost	1,883		2,015
Total lease cost	$	2,569	$	2,779


	For the Three Months Ended March 31,
(Dollars in thousands)	2026		2025


Cash paid for amounts included in the measurement of lease liabilities - operating leases	$	712	$	771
Right-of-use assets obtained in exchange for lease obligations	$	(121)	$	38


	March 31, 2026	December 31, 2025

Weighted average remaining lease term - operating leases (in years)	3.60	3.70
Weighted average discount rate - operating leases	6.64%	6.67%


For the Year Ending December 31,	(Dollars in thousands)

2026 (remaining nine months)	$	1,933
2027	2,050
2028	1,445
2029	517
2030	396
Thereafter	559
Total future lease payments	6,900
Imputed interest	(691)
Total	$	6,209