Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Liability
Future amounts due under operating lease liabilities as of June 30, 2025 were as follows (in thousands):
Remaining 2025 $ 418 
2026 561 
2027 10 
2028 — 
2029 — 
Total lease payments $ 989 
Less: imputed interest (33)
Total $ 956 
Schedule of Lease Cost (in thousands):
Three Months Ended June 30, 2025 Three Months Ended June 30, 2024
Operating lease cost $ 209  $ 3,403 
Variable lease cost —  — 
Short-term lease cost 7,472  5,998 
Total lease cost(1)
$ 7,681  $ 9,401 

Six Months Ended June 30, 2025 Six Months Ended June 30, 2024
Operating lease cost $ 1,635  $ 6,806 
Variable lease cost —  — 
Short-term lease cost 16,382  15,949 
Total lease cost(1)
$ 18,017  $ 22,755 
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(1)    The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in either lease operating expenses or general and administrative expenses in the accompanying consolidated statements of operations.