v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases

Note 6. Leases

 

The Company entered into operating leases primarily for offices. The leases have remaining lease terms of up to 10.4 years, some of which may include options to extend the leases for up to an additional 2 years.

 

The components of operating lease costs were as follows:

 

    Six months ended June 30,  
    2026     2025  
    (Unaudited)     (Unaudited)  
Operating lease cost   $ 2,427     $ 2,678  
Short-term lease cost     504       145  
Variable lease cost     57       147  
Total net lease costs   $ 2,988     $ 2,970  

 

Supplemental balance sheet information related to operating leases is as follows:

 

    June 30,     December 31,  
    2026     2025  
    (Unaudited)        
Operating lease ROU assets   $ 16,414     $ 16,308  
Operating lease liabilities, current   $ 5,736     $ 3,996  
Operating lease liabilities, long-term   $ 17,493     $ 18,674  
Weighted average remaining lease term (in years)     7.52       7.98  
Weighted average discount rate     4.58 %     4.65 %

 

Minimum lease payments for the Company’s ROU assets over the remaining lease periods as of June 30, 2026, are as follows:

 

    Operating Leases  
2026   $ 2,339  
2027     5,776  
2028     2,974  
2029     2,437  
2030     2,492  
Thereafter     12,376  
         
Total undiscounted lease payments     28,394  
Less: imputed interest     (5,165 )
         
Present value of lease liabilities   $ 23,229