v3.26.1
LEASES
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
LEASES LEASES
As disclosed in “Note (2) Summary of Significant Accounting Policies; (m) Leases,” we account for our leases in accordance with the guidance in ASC 842. We lease our offices, warehouse facilities and certain equipment under non-cancellable operating leases that expire at various dates through 2032. Total operating lease and short-term lease costs were as follows:
Three Months EndedSix Months Ended
June 30,June 30,
(in thousands)2026202520262025
Operating lease cost$671 $641 $1,340 $1,294 
Short-term lease cost— 2 — 6 
The following is additional information about our leases as of June 30, 2026:
Range of remaining lease terms (in years)0.1to5.7
Weighted average remaining lease term (in years)4.6
Weighted average discount rate6.7%
Maturities of lease liabilities as of June 30, 2026, were as follows:
(in thousands)
2026 (remainder)$1,319 
20272,399 
20281,764 
20291,632 
20301,294 
Thereafter1,336 
Total lease payments$9,744 
Less imputed interest(1,201)
Total present value of lease liabilities$8,543 
Cash Flow Information
Three Months EndedSix Months Ended
June 30,June 30,
(in thousands)2026202520262025
Amortization of ROU assets$563 $428 $1,077 $1,066 
ROU assets obtained in exchange for operating lease obligations150 1 181 86 
As part of our Alfamation™ acquisition on March 12, 2024, we entered into the related-party Alfamation Lease Agreement for the seller-owned facility where Alfamation™ has its principal operations. The Alfamation Lease Agreement commenced on March 12, 2024 and the initial term was six years. It will automatically renew for the same period of time unless terminated by either party. The leased premises include warehouse and office space totaling approximately 52 thousand square feet. The semi-annual lease payments are €0.1 million, which at the date of the signing of the Alfamation Lease agreement equated to approximately $0.1 million per payment.