v3.26.1
Note 17 - Long Term Leases
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Lessee, Operating and Finance Leases [Text Block]

17.

LONG TERM LEASES

 

As of June 30, 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 Right of Use (ROU) lease assets and liabilities on the unaudited condensed consolidated balance sheet as of June 30, 2026 and December 31, 2025:

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 
  

(unaudited)

  

(audited)

 
         
  

(in thousands)

 

Assets

        

Operating Lease ROU Assets

 $200  $216 

Finance Lease ROU Assets

  310   302 

Total Lease ROU Assets

 $510  $518 

 

 

  

2026

  

2025

 
  

(in thousands)

 

Liabilities

        

Current

        

Operating Lease liabilities

 $42  $35 

Finance Lease Liabilities

  86   71 

Total Lease Liabilities -Current

 $128  $106 
         

Non-Current

        

Operating Lease liabilities

  151   181 

Finance Lease Liabilities

  229   232 

Total Lease Liabilities - Non-Current

 $380  $413