|
NOTE 7 - LEASES
Operating leases are included in the unaudited condensed consolidated Balance Sheets as follows:
|
(in thousands)
|
|
Classification
|
|
September 30, 2024
|
|
|
December 31, 2023
|
|
|
Lease assets
|
|
|
|
|
|
|
|
|
|
Operating lease cost ROU assets, net
|
|
Assets
|
|
$
|
2,855.1
|
|
|
$
|
353.2
|
|
|
Total lease assets
|
|
|
|
$
|
2,855.1
|
|
|
$
|
353.2
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Lease liabilities
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease liabilities, current
|
|
Current liabilities
|
|
$
|
734.0
|
|
|
$
|
160.3
|
|
|
Operating lease liabilities, non-current
|
|
Liabilities
|
|
|
2,175.1
|
|
|
|
201.6
|
|
|
Total lease liabilities
|
|
|
|
$
|
2,909.1
|
|
|
$
|
361.9
|
|
The components of lease costs, which are included in loss from operations in our unaudited condensed consolidated Statements of Operations were as follows:
| |
|
Three Month Period Ended
|
|
| |
|
|
|
|
|
|
|
(in thousands)
|
|
September 30, 2024
|
|
|
September 30, 2023
|
|
|
Lease costs
|
|
|
|
|
|
|
|
Operating lease costs
|
|
$
|
60.9
|
|
|
$
|
44.9
|
|
Short-term lease costs
|
|
|
152.6 |
|
|
|
34.4 |
|
|
Total lease costs
|
|
$
|
213.5
|
|
|
$
|
79.3
|
|
| |
|
Nine Month Period Ended
|
| |
|
|
|
|
|
|
(in thousands)
|
|
September 30, 2024
|
|
|
September 30, 2023
|
|
Lease costs
|
|
|
|
|
|
|
Operating lease costs
|
|
$
|
172.5
|
|
|
$
|
134.6
|
Short-term lease costs
|
|
|
234.4 |
|
|
|
110.1 |
|
Total lease costs
|
|
$
|
406.9
|
|
|
$
|
244.7
|
Future minimum payments under
non-cancellable leases for operating leases for the remaining terms of the leases following September 30, 2024 were as follows:
|
(in thousands)
|
|
|
|
|
2024 (remainder of)
|
|
$
|
250.8
|
|
|
2025
|
|
|
915.3
|
|
|
2026
|
|
|
782.6
|
|
2027
|
|
|
771.2 |
|
2028
|
|
|
577.1 |
|
Thereafter
|
|
|
87.9 |
|
|
Total future minimum lease payments
|
|
|
3,384.9
|
|
|
Amount representing interest
|
|
|
475.8
|
|
|
Present value of net future minimum lease payments
|
|
$
|
2,909.1
|
|
|