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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases Tables [Abstract]  
Information Related to Leases

Information related to leases (dollars in 000’s):

 

 

 

Year ended

 

 

Year ended

 

Operating cash flow information:

 

December 31, 2024

 

 

December 31, 2023

 

Operating lease cost

 

$

1,723

 

 

$

1,344

 

Operating lease - cash flow

 

$

1,763

 

 

$

1,406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

ROU assets obtained in exchange for lease liabilities

 

$

4,632

 

 

$

581

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

 

December 31, 2023

 

Weighted-average remaining lease term

 

3.6 years

 

 

2.0 years

 

Weighted-average discount rate

 

 

7

%

 

 

5

%

Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases as of December 31, 2024:

(dollars in 000’s):

 

 

 

 

 

2025

 

$

1,848

 

2026

 

 

1,295

 

2027

 

 

1,019

 

2028

 

 

1,042

 

2029

 

 

360

 

 

 

 

Total future minimum lease payments

 

$

5,564

 

Less: imputed interest

 

 

(633

)

Present value of lease liabilities - current

 

 

1,564

 

Present value of lease liabilities - non-current

 

$

3,367