Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Lease Cost
The table below presents certain information related to lease costs for the Company’s operating leases (amounts in thousands):
Three Months Ended March 31,
2025 2024
Operating lease expense $ 357  $ 413 
Short-term lease expense 144 175
Total lease cost $ 501  $ 588 
Schedule of Weighted Average Remaining Lease Term and Discount Rate
The following table presents the weighted average remaining lease term and the weighted average discount rate related to operating leases:
March 31, 2025 December 31, 2024
Weighted average remaining lease term (in years) - operating leases 3.8 4.1
Weighted average discount rate - operating leases 7.96  % 7.61  %
Schedule of Future Lease Payments
The following table presents the maturities of lease liabilities (amounts in thousands):
Years Ended December 31, Operating
Leases
2025 (remaining) $ 1,399 
2026 1,688 
2027 1,516 
2028 1,020 
2029 144 
Thereafter 402 
Total minimum lease payments 6,169 
Less effects of discounting (868)
Present value of future minimum lease payments $ 5,301