LEASES (Tables)

3 Months Ended

Mar. 31, 2026

Summary of balance sheet presentation of our operating and finance leases


(dollars in thousands)
Classification on the Consolidated Balance Sheet		March 31, 2026			December 31, 2025
Assets:
Operating lease right-of-use assets, net		$	2,451		$	2,565
Finance lease right-of-use assets, net			936			998
Total lease assets		$	3,387		$	3,563

Liabilities:
Current:
Current maturities of operating lease liabilities		$	434		$	410
Current maturities of finance lease liabilities			202			209
Noncurrent:
Operating lease liabilities, less current maturities			2,085			2,206
Finance lease liabilities, less current maturities			701			751
Total lease liabilities		$	3,422		$	3,576

Summary of estimated future minimum lease payments for operating leases

As of March 31, 2026, the estimated future minimum lease payments, excluding non-lease components, are as follows:


(dollars in thousands)		Operating Leases			Finance Leases			Total
2026 (remaining)		$	487		$	218		$	705
2027			701			274			975
2028			745			234			979
2029			787			186			973
2030			299			129			428
Thereafter			93			78			171
Total lease obligations			3,112			1,119			4,231
Less: Amount representing interest			(593)			(216)			(809)
Present value of net minimum lease obligations			2,519			903			3,422
Less, current portion			(434)			(202)			(636)
Long term portion		$	2,085		$	701		$	2,786

Summary of estimated future minimum lease payments for finance leases

As of March 31, 2026, the estimated future minimum lease payments, excluding non-lease components, are as follows:


(dollars in thousands)		Operating Leases			Finance Leases			Total
2026 (remaining)		$	487		$	218		$	705
2027			701			274			975
2028			745			234			979
2029			787			186			973
2030			299			129			428
Thereafter			93			78			171
Total lease obligations			3,112			1,119			4,231
Less: Amount representing interest			(593)			(216)			(809)
Present value of net minimum lease obligations			2,519			903			3,422
Less, current portion			(434)			(202)			(636)
Long term portion		$	2,085		$	701		$	2,786

Schedule of other information


	March 31,		December 31,
	2026		2025
Weighted-average remaining lease term (years):
Operating leases	4.3		4.6
Finance leases	4.3		4.5
Weighted-average discount rate:
Operating leases	10.00%		10.00%
Finance leases	10.60%		10.70%