| LEASES The Company has entered into operating leases primarily for corporate offices, sales offices, research and development facilities, and a finance lease for equipment. Information related to the Company’s right-of-use assets and related operating and finance lease liabilities was as follows (in thousands): | | | | | | | | | | | | | Three Months Ended March 31, | | Operating Leases | 2026 | | 2025 | | Cash paid for operating lease liabilities | $ | 559 | | $ | 569 | | Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 400 | | $ | 137 |
| | | | | | | | | | | | | Three Months Ended March 31, | | Finance Lease | 2026 | | 2025 | Cash paid for principal portion of finance lease | $ | 79 | | $ | — | | Right-of-use assets obtained in exchange for new finance lease liabilities | $ | — | | $ | — | |
| | | | | | | | | | | | | Operating Leases | | Finance Lease | Weighted-average remaining lease term in years | 3.0 | | 2.1 | Weighted-average discount rate | 5.1% | | 5.0% |
| | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | | | Operating lease expense | $ | 534 | | | $ | 547 | | | | | | Finance lease amortization | $ | 82 | | | $ | — | | | | | | | Finance lease interest expense | $ | 9 | | | $ | — | | | | | |
Maturities of operating and finance lease liabilities were as follows (in thousands):
| | | | | | | | | | | | | | | Fiscal Year Ending December 31, | Operating Leases | | Finance Lease | | | | 2026 (remainder of fiscal 2026) | $ | 2,177 | | | $ | 353 | | | | | 2027 | 1,938 | | | 353 | | | | | 2028 | 1,479 | | | 29 | | | | | 2029 | 386 | | | — | | | | | 2030 | 71 | | | — | | | | | Thereafter | 19 | | | — | | | | | 6,070 | | | 735 | | | | | Less imputed interest | (432) | | | (35) | | | | | Total lease liabilities | $ | 5,638 | | | $ | 700 | | | |
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