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 Supplemental Balance Sheet Disclosures
Supplemental disclosure related to operating and finance leases included on our consolidated balance sheets is set forth as follows:

December 31,
(in thousands) Classification on Consolidated Balance Sheets 2025 2024
Noncurrent assets:
Operating lease right-of-use assets Operating lease right-of-use assets $ 1,513  $ 8,412 
Finance lease right-of-use assets Property and equipment, net —  23
Total $ 1,513  $ 8,435 
Current liabilities:
Operating lease liabilities Current portion of operating lease liabilities $ 585  $ 1,431 
Finance lease liabilities Accrued liabilities —  23 
Noncurrent liabilities:
Operating lease liabilities Noncurrent portion of operating lease liabilities 1,279  8,278 
Total $ 1,864  $ 9,732 
Schedule of Lease Costs
The following table sets forth operating lease cost, finance lease cost, and variable lease cost for the years ended December 31, 2025 and 2024:

For the Year Ended December 31,
(in thousands) Classification on Statement of Operations 2025 2024
Operating lease cost Selling, general, and administrative expenses $ 3,187  $ 2,432 
Cost of services 301  932 
Total operating lease cost $ 3,488  $ 3,364 
Finance lease cost:
Amortization of leased assets Depreciation and amortization $ 27  $ 125 
Interest on lease liabilities Interest expense 1  6 
Total finance lease cost $ 28  $ 131 
Variable lease cost Selling, general, and administrative expenses $ 605  $ 639 

The following table sets forth cash paid for amounts included in the measurement of operating and finance lease liabilities for the years ended December 31, 2025 and 2024:
For the Year Ended December 31,
(in thousands) 2025 2024
Operating leases $ 1,349  $ 1,491 
Finance leases 24  101 

The weighted-average remaining lease term and the weighted-average discount rate of our leases were as follows:

December 31,
2025 2024
Weighted average remaining lease term:
Operating leases 3.4 years 6.5 years
Finance leases 0.0 years 0.3 years
Weighted average discount rate:
Operating leases 9.8  % 8.0  %
Finance leases —  % 5.1  %
Schedule of Future Minimum Payments Under Operating Leases
The following table sets forth the future minimum lease payments under operating and finance leases subsequent to December 31, 2025:

(in thousands) Operating Leases
2026 $ 736 
2027 621 
2028 464 
2029 219 
2030 153 
Thereafter 13 
Total minimum lease payments $ 2,206 
Interest (342)
Total $ 1,864