Note 11 - Leases

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

11. LEASES

The following is a summary of the Company's lease cost:

	December 31,		December 31,		December 31,
($ in thousands)	2024		2023		2022
Operating lease cost	$	2,896	$	4,019	$	3,175
Short-term lease cost		1,205		504		2,166
Total lease cost	$	4,101	$	4,523	$	5,341

Variable lease costs for the year ending December 31, 2024 was approximately $0.4 million.

The following is a summary of the Company's supplemental cash flow information related to leases:

	December 31,		December 31,		December 31,
($ in thousands)	2024		2023		2022
Cash paid for operating lease liabilities	$	2,921	$	2,853	$	1,492
Operating lease assets obtained in exchange for lease liabilities	$	869	$	628	$	2,786

The weighted-average discount rate for operating leases as of December 31, 2024 is 3.2%. The weighted-average remaining lease term for operating leases as of December 31, 2024 is 2.4 years. Future undiscounted cash flows for operating leases for the fiscal periods subsequent to December 31, 2024 are as follows:

		Operating
($ in thousands)	Year	Leases
	2025	$	2,943
	2026		2,574
	2027		758
	2028		300
	2029		68
	Total lease payments		6,643
	Less: Interest		(334	)
	Present value of lease liabilities	$	6,309