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LEASES
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Group has operating leases for office spaces and warehouses. Certain leases include renewal options and/or termination options, which are factored into the Group's determination of lease payments when appropriate.
Operating lease cost for the three months ended September 30, 2025 and 2024 was $849 and $883, and for the nine months ended September 30, 2025 and 2024 was $2,550 and $2,602 respectively, which excluded cost of short-term contracts. Short-term lease cost for the three months ended September 30, 2025 and 2024 was $45 and $79, and for the nine months ended September 30, 2025 and 2024 was $136 and $383, respectively.
As of September 30, 2025, the weighted average remaining lease term was 8.8 years and weighted average discount rate was 5.1% for the Group's operating leases.
Supplemental cash flow information of the leases were as follows:
Nine Months Ended September 30, 2025
Cash payments for operating leases$2,770 
Right-of-use assets obtained in exchange for new operating lease liabilities$1,091 
The following is a maturity analysis of the annual undiscounted cash flows for lease liabilities as of September 30, 2025:

As of September 30, 2025
Three-month period ending December 31, 2025$1,074 
20263,397 
20272,929 
20282,008 
20291,782 
20301,782 
Thereafter9,060 
Total future lease payments$22,032 
Less: Imputed interest$(4,107)
Present value of operating lease liabilities$17,925