v3.26.1
Note 17 - Long Term Leases
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Lessee, Operating and Finance Leases [Text Block]

17.

LONG TERM LEASES

 

As of March 31, 2026, the Company’s lease portfolio consists of five operating leases (office equipment and vehicles) and two finance leases (heavy equipment and vehicle).

 

The following table summarized the classification of leases on the Balance Sheet as of March 31, 2026 and December 31, 2025:

 

  

March 31,

  

December 31,

 
  

2026

  

2025

 
  

(unaudited)

  

(audited)

 
         
  

2025

  

2024

 
  

(in thousands)

 

Assets

        

Operating Lease ROU Assets

 $221  $216 

Finance Lease ROU Assets

  333   302 

Total ROU Assets

 $554  $518 

 

  

2025

  

2024

 
  

(in thousands)

 

Liabilities

        

Current

        

Operating Lease liabilities

 $35  $35 

Finance Lease Liabilities

  53   71 

Total Lease Liabilities -Current

 $88  $106 
         

Non-Current

        

Operating Lease liabilities

  126   181 

Finance Lease Liabilities

  335   232 

Total Lease Liabilities - Non-Current

 $461  $413