Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Liability
Future amounts due under operating lease liabilities as of September 30, 2025 were as follows (in thousands):
Remaining 2025 $ 209 
2026 561 
2027 10 
2028 — 
2029 — 
Total lease payments $ 780 
Less: imputed interest (20)
Total $ 760 
Schedule of Lease Cost (in thousands):
Three Months Ended September 30, 2025 Three Months Ended September 30, 2024
Operating lease cost $ 209  $ 3,403 
Variable lease cost —  — 
Short-term lease cost 6,736  4,834 
Total lease cost(1)
$ 6,945  $ 8,237 
_____________________
(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.
Nine Months Ended September 30, 2025 Nine Months Ended September 30, 2024
Operating lease cost $ 1,844  $ 10,209 
Variable lease cost —  — 
Short-term lease cost 23,118  20,783 
Total lease cost(1)
$ 24,962  $ 30,992 
_____________________
(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.