v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases  
SCHEDULE OF LEASE EXPENSE

The components of lease expense were as follows:

 

   2026   2025   2026   2025 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
   ($ in thousands) 
Operating lease cost  $525   $522   $1,065   $1,098 
Short-term lease cost   19    -    19    5 
Variable lease cost   2    4    5    11 
Total - net lease cost  $546   $526   $1,089   $1,114 
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases is as follows:

 

   June 30, 2026   December 31, 2025 
   ($ in thousands) 
Operating leases:          
Operating lease ROU assets, net  $4,864   $3,106 
           
Current operating lease liabilities  $1,573   $927 
Non-current operating lease liabilities   3,462    2,187 
Total operating lease liabilities  $5,035   $3,114 
           
Operating leases:          
ROU assets  $5,762   $4,876 
Asset lease expense   (896)   (1,767)
Foreign exchange loss   (2)   (3)
ROU assets, net  $4,864   $3,106 
           
Weighted average remaining lease term (in years):          
Operating leases   5.2    6.1 
Weighted average discount rate:          
Operating leases   7.1%   8.5%
SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES

Supplemental cash flow and other information related to leases is as follows:

 

   2026   2025   2026   2025 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
   ($ in thousands) 
Cash paid for amounts included in the measurement of lease liabilities:                    
Operating cash flows from operating leases  $490   $521   $1,018   $1,082 
                     
ROU assets obtained in exchange for lease liabilities:                    
Operating leases, excluding terminations  $637   $385   $2,656   $831 
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities are as follows:

 

Operating leases - Years ending December 31,  ($ in thousands) 
2026 (six months)  $1,057 
2027   1,478 
2028   1,007 
2029   616 
2030   613 
Thereafter   1,188 
Total lease payments   5,959 
Less: imputed interest   (924)
Total lease obligations   5,035 
Less: current obligations   1,573 
Long-term lease obligations  $3,462