Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense

The following table provides the required information regarding the Company's leases for which the Company is the lessee (dollars in thousands):

 

 

December 31,

 

 

 

2025

 

 

2024

 

Assets

 

 

 

 

 

 

ROU assets

 

$

10,798

 

 

$

11,074

 

Liabilities

 

 

 

 

 

 

Current

 

$

4,642

 

 

$

3,260

 

Non-current

 

 

8,755

 

 

 

9,598

 

   Total lease liabilities

 

$

13,397

 

 

$

12,858

 

Weighted-average remaining lease term (years)

 

 

4.5

 

 

 

4.8

 

Weighted-average discount rate

 

 

10

%

 

 

9

%

Schedule of Maturity of Operating Leases

As of December 31, 2025, the maturity of operating lease liabilities are as follows (in thousands):

Year ending December 31,

 

 

 

2026

 

$

5,333

 

2027

 

 

3,293

 

2028

 

 

2,508

 

2029

 

 

2,247

 

2030

 

 

2,043

 

Thereafter

 

 

689

 

Total lease payments

 

 

16,113

 

Less: Interest on lease payments

 

 

(2,716

)

Present value of lease liabilities

 

$

13,397