LEASES (Tables)

3 Months Ended

Mar. 31, 2025

LEASES [Abstract]

Summary of balance sheet presentation of our operating and finance leases

(dollars in thousands)
Classification on the Condensed Consolidated Balance Sheet	March 31, 2025		December 31, 2024
Assets:
Operating lease right-of-use assets, net	$	1,573	$	395
Finance lease right-of-use assets, net (1)		481		517
Total lease assets	$	2,054	$	912
Liabilities:
Current:
Current maturities of operating lease liabilities	$	207	$	201
Current maturities of finance lease liabilities		123		124
Noncurrent:
Operating lease liabilities, less current maturities		1,370		206
Finance lease liabilities, less current maturities		316		348
Total lease liabilities	$	2,016	$	879

(1) As of March 31, 2025 and December 31, 2024, finance lease right-of-use assets included zero, respectively, of assets related to finance leases associated with the HSRR program.

Summary of estimated future minimum lease payments for operating leases

As of March 31, 2025, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		March 31,		March 31,		March 31,
		2025		2025		2025
2025 (remaining)	$	265	$	125	$	390
2026		350		133		483
2027		395		107		502
2028		429		67		496
2029		461		38		499
Thereafter		130		73		203
Total lease obligations		2,030		543		2,573
Less: Amount representing interest		(453)		(104)		(557)
Present value of net minimum lease obligations		1,577		439		2,016
Less, current portion		(207)		(123)		(330)
Long term portion	$	1,370	$	316	$	1,686

Summary of estimated future minimum lease payments for finance leases

As of March 31, 2025, the estimated future minimum lease payments, excluding non-lease components, are as follows:

(dollars in thousands)	Operating Leases		Finance Leases		Total
		March 31,		March 31,		March 31,
		2025		2025		2025
2025 (remaining)	$	265	$	125	$	390
2026		350		133		483
2027		395		107		502
2028		429		67		496
2029		461		38		499
Thereafter		130		73		203
Total lease obligations		2,030		543		2,573
Less: Amount representing interest		(453)		(104)		(557)
Present value of net minimum lease obligations		1,577		439		2,016
Less, current portion		(207)		(123)		(330)
Long term portion	$	1,370	$	316	$	1,686

Schedule of other information

	March 31,	December 31,
	2025	2024
Weighted-average remaining lease term (years):
Operating leases	5.1	1.9
Finance leases	4.4	4.4
Weighted-average discount rate:
Operating leases	9.99%	8.00%
Finance leases	11.02%	11.20%