LEASES (Tables)

6 Months Ended

Jun. 30, 2025

Leases

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2025		2024		2025		2024
Operating lease expense	$	867	$	668	$	1,742	$	1,333
Finance lease expense:
Amortization of leased assets		3		-		5		-
Interest on lease liabilities		-		-		1		-
Total finance lease expense		3		-		6		-
Total lease expense	$	870	$	668	$	1,748	$	1,333

SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases is as follows:

	Six Months Ended
	June 30,
(in thousands)	2025		2024
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	1,097	$	1,299
Operating cash flows from finance leases		6		-

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases is as follows:

	June 30,			December 31,
(in thousands)	2025			2024
Operating leases
Operating lease right-of-use assets	$	16,123		$	16,746
Operating lease liabilities, current		3,462			2,682
Operating lease liabilities, net of current portion		15,186			15,954
Total operating lease liabilities	$	18,648		$	18,636
Finance leases
Property and equipment, at cost	$	154		$	112
Accumulated depreciation		(117	)		(112	)
Property and equipment, net	$	37		$	-
Weighted Average Remaining Lease Term
Operating leases		6.2 years			6.8 years
Finance leases		3.7 years			n/a
Weighted Average Discount Rate
Operating leases		4.9	%		4.9	%
Finance leases		5.5	%		n/a

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

As of June 30, 2025, maturities of lease liabilities are as follows:

(in thousands)	Operating			Finance
Years Ended December 31,	Leases			Leases
2025 (remainder of year)	$	1,796		$	7
2026		3,485			14
2027		3,498			14
2028		3,470			7
2029		3,250			5
Thereafter		5,716			-
Total minimum lease payments		21,215			47
Less: amount representing interest		(2,567	)		(4	)
Present value of capital lease liabilities	$	18,648		$	43