v3.26.3
LEASES (Tables)
12 Months Ended
Dec. 31, 2025
Leases  
SCHEDULE OF LEASE ACTIVITY

Lease activity for the years ended December 31, 2025 and December 31, 2024 were as follows (in thousands):

 

   Operating
Lease
   Finance
Leases
 
As of December 31, 2023  $3,787   $830 
Amortization   (243)   (152)
Additional lease   1,439    104 
As of December 31, 2024  $4,983   $782 
Amortization   (413)   (161)
New lease   -    - 
As of December 31, 2025  $4,570   $621 
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities are as follows (in thousands):

 

Year ending December 31, 

Operating

Lease

Liability

  

Finance Lease

Liability

  

Total Lease

Liabilities

 
2026   1,172    223    1,395 
2027   1,213    212    1,425 
2028   1,255    125    1,380 
2029   1,299    107    1,406 
2030   1,344    66    1,410 
Thereafter   463    -    463 
Total undiscounted cash flows   6,746    733    7,479 
Less present value discount   (2,176)   (112)   (2,288)
Total lease liabilities   4,570    621    5,191 
SCHEDULE OF ADDITIONAL INFORMATION RELATED TO LEASES

Additional information related to leases is presented as follows:

 

December 31, 2025  Operating
Lease
   Finance
Leases
 
Weighted average of remaining lease term   5.3 years    5.84 years 
Weighted average discount rate   15.0%   8.83%

 

December 31, 2024  Operating Lease   Finance Leases 
Weighted average of remaining lease term   6.3 years    7.7 years 
Weighted average discount rate   15.0%   11.1%