OTHER CURRENT LIABILITIES

3 Months Ended

Mar. 31, 2026

NOTE 5 – OTHER CURRENT LIABILITIES

The schedule below details the Company’s other current liabilities presented on the Condensed Consolidated Balance Sheets for the periods indicated:


(Dollars in thousands)	As of March 31,		As of December 31,
	2026		2025
Accrued expenses	$	10,880	$	9,035
Bonus accrual	8,500		4,830
Deferred grant income	769		888
Derivative(1)	410		1,680
Payroll liabilities	373		564
Total other current liabilities	$	20,932	$	16,997

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(1) See Note 10 – Noncontrolling Interests for further discussion on the derivative.