LEASES (Tables)

3 Months Ended

Mar. 31, 2026

The components of lease expense for the three months ended March 31, 2026 and 2025 were as follows (in thousands):


	Three months ended
	March 31, 2026		March 31, 2025

Operating lease expense	$	522	$	533

Finance lease expenses:
Amortization of right of use assets	$	441	$	318
Interest on lease liabilities	112		95
Total finance lease expense	$	553	$	413

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

The weighted average remaining lease terms and weighted average discount rates for the Company's operating leases and finance leases at March 31, 2026 and December 31, 2025 were as follows:


	March 31, 2026		December 31, 2025
Weighted average remaining lease term (years):
Operating leases	8.64		9.11
Finance leases	2.31		2.44
Weighted average discount rate:
Operating leases	11.5	%	11.6	%
Finance leases	11.1	%	10.9	%

Schedule of Future Minimum Lease Payments

Future minimum lease payments as of March 31, 2026 under all non-cancelable leases having an initial or remaining term of more than one year were (in thousands):


	Operating leases		Finance leases

Remainder of 2026	$	1,531	$	1,481
2027	1,813		1,481
2028	1,757		742
2029	1,595		372
2030	1,034		42
Thereafter	6,762		19
Total lease payments	14,492		4,137
Less: imputed interest	(6,107)		(633)
	$	8,385	$	3,504

Schedule of Future Minimum Lease Payments

Future minimum lease payments as of March 31, 2026 under all non-cancelable leases having an initial or remaining term of more than one year were (in thousands):


	Operating leases		Finance leases

Remainder of 2026	$	1,531	$	1,481
2027	1,813		1,481
2028	1,757		742
2029	1,595		372
2030	1,034		42
Thereafter	6,762		19
Total lease payments	14,492		4,137
Less: imputed interest	(6,107)		(633)
	$	8,385	$	3,504