v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense were as follows:

 

         
   Three Months Ended March 31, 
Lease Cost  2026   2025 
Operating lease cost  $588   $565 
Finance lease interest cost   14    6 
Finance lease amortization expense   62    42 
Total lease cost  $664   $613 
SCHEDULE OF SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS INFORMATION RELATED TO LEASES

Supplemental condensed consolidated balance sheet information related to leases was as follows:

 

   Balance Sheet Location 

March 31,

2026

  

December 31,

2025

 
Assets             
Finance lease assets  Property and equipment, net  $668   $714 
Operating lease assets  Operating lease assets, net   6,720    7,016 
Total leased assets     $7,388   $7,730 
              
Liabilities             
Current             
Current operating lease liabilities  Current portion of operating lease obligations  $1,309   $1,332 
Current finance lease liabilities  Current portion of finance lease obligations   259    274 
Noncurrent             
Long-term operating lease liabilities  Long-term operating lease obligations, net of current portion   6,186    6,476 
Long-term finance lease liabilities  Long-term finance lease obligations, net of current portion   577    626 
Total lease liabilities     $8,331   $8,708 
SCHEDULE OF SUPPLEMENTAL CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS INFORMATION

Supplemental condensed consolidated statements of cash flows information for the three months ended March 31, 2026 and 2025 related to leases was as follows:

  

   March 31,   March 31, 
   2026   2025 
Operating Leases          
Cash paid for amounts included in the measurement of lease liabilities  $471   $433 
SCHEDULE OF FUTURE PAYMENTS OF LEASE LIABILITIES

Future annual payments of lease liabilities as of March 31, 2026 were as follows:

  

  

Operating

Leases

  

Finance

Leases

   Total 
Remainder of 2026  $1,406   $248   $1,654 
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  $10,203   $942   $11,145 
Less: imputed interest   (2,708)   (106)   (2,814)
Present value of lease liabilities  $7,495   $836   $8,331 
SCHEDULE OF LEASE TERM AND DISCOUNT RATE

The lease term and discount rate as of March 31, 2026 and 2025 were as follows:

  

  

March 31,

2026

  

March 31,

2025

 
Weighted-average remaining lease term (years)          
Operating leases   7.0    7.6 
Finance leases   3.7    3.3 
Weighted-average discount rate          
Operating leases   8.1%   7.8%
Finance leases   6.6%   5.7%