Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of the Components of Lease Costs
The components of the Company’s operating lease costs consisted of the following (in thousands):
Years Ended December 31,
2024 2023
Operating lease cost $ 1,910  $ 1,504 
Variable lease cost 359  336 
Total lease cost $ 2,269  $ 1,840 
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
Years Ended December 31,
2024 2023
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:
Operating cash flow from operating leases $ 1,863  $ 1,441 
Right of use assets obtained in exchange for lease obligations:
Operating leases $ 250  $ 3,356 
Increases to right of use assets resulting from lease modifications:
Operating leases $ —  $ 552 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
2024 2023
Years Years
Weighted average remaining lease term: 5.3 6.2
Rate Rate
Weighted average discount rate: 7.9% 7.7%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of December 31, 2024 are as follows (in thousands):
Operating Leases
2025 $ 1,905 
2026 1,715 
2027 1,542 
2028 1,495 
2029 1,387 
Thereafter 1,088 
Total undiscounted lease payments 9,132 
Less: Imputed interest (3,094)
Total lease liabilities $ 6,038 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands):
Years Ended December 31,
2024 2023
Net operating lease revenue
 $ 27,843  $ 23,797 
Sales-type lease revenue 717  3,250 
Total lease revenue $ 28,560  $ 27,047 
Schedule of Net Investment in Sales-type Leases
The components of our net investment in sales-type leases as of December 31, 2024 and 2023 were (in thousands):

2024 2023
Lease receivable $ 1,934  $ 2,583 
Net investment in leases $ 1,934  $ 2,583 

Our net investment in sales-type leases is classified as follows in the accompanying consolidated balance sheets as of December 31, 2024 and 2023 (in thousands):

2024 2023
Accounts receivable, net $ 1,207  $ 1,067 
Other assets 727  1,516 
Total $ 1,934  $ 2,583 
Schedule of Future Maturities of Sales-type Leases
Future maturities of sales-type leases as of December 31, 2024 are as follows (in thousands):
Sales-Type Leases
2025 $ 1,379 
2026 701 
2027 68 
Total undiscounted lease payments 2,148 
Less: Imputed interest (214)
Total lease receivables $ 1,934