| LEASES The Company has entered into operating leases primarily for corporate offices, sales offices, research and development facilities, and a finance lease for equipment. Information related to the Company’s right-of-use assets and related operating and finance lease liabilities was as follows (in thousands): | | | | | | | | | | | | | Nine Months Ended September 30, | | Operating Leases | 2026 | | 2025 | | Cash paid for operating lease liabilities | $ | 1,708 | | $ | 1,624 | | Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 3,587 | | $ | 178 |
| | | | | | | | | | | | | Nine Months Ended September 30, | | Finance Lease | 2026 | | 2025 | Cash paid for principal portion of finance lease | $ | 241 | | $ | 102 | | Right-of-use assets obtained in exchange for new finance lease liabilities | $ | — | | $ | 985 | |
| | | | | | | | | | | | | Operating Leases | | Finance Lease | Weighted-average remaining lease term in years | 3.07 | | 1.58 | Weighted-average discount rate | 5.7% | | 5.0% |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease expense | $ | 607 | | | $ | 512 | | | $ | 1,694 | | | $ | 1,574 | | Finance lease amortization | $ | 82 | | | $ | 82 | | | $ | 246 | | | $ | 137 | | | Finance lease interest expense | $ | 7 | | | $ | 11 | | | $ | 24 | | | $ | 19 | |
Maturities of operating and finance lease liabilities were as follows (in thousands):
| | | | | | | | | | | | | | | Fiscal Year Ending December 31, | Operating Leases | | Finance Lease | | | | 2026 (remainder of fiscal 2026) | $ | 684 | | | $ | 88 | | | | | 2027 | 2,364 | | | 353 | | | | | 2028 | 2,122 | | | 118 | | | | | 2029 | 688 | | | — | | | | | 2030 | 507 | | | — | | | | | Thereafter | 267 | | | — | | | | | 6,632 | | | 559 | | | | | Less imputed interest | (567) | | | (21) | | | | | Total lease liabilities | $ | 6,065 | | | $ | 538 | | | |
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