Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1330

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7A
Chunk 1330
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 SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table presents the supplemental balance
sheet information related to leases:

    Schedule of balance
sheet information related to leases 

    December 31,  
    December 31, 

    2024  
    2023 

    (In thousands) 
  
    Operating Leases 

    Operating lease right-of-use assets 
    $51,093  
    $29,575 
  
    Less: Accumulated amortization right-of-use assets 
     (31,644) 
     (26,651)
  
    Operating lease right-of-use assets, net 
    $19,449  
    $2,924 

    Operating lease liabilities 
    $(21,471) 
    $(3,220)

    Finance Leases 

    Property and equipment, at cost 
    $3,794  
    $3,474 
  
    Less: Accumulated depreciation 
     (3,488) 
     (3,385)
  
    Property and equipment, net 
    $306  
    $89 

    Finance lease liabilities 
    $(315) 
    $(93)

    Weighted Average Discount Rate 

    Operating lease 
     5.0%  
     5.0% 
  
    Finance lease 
     6.5%  
     6.5% 

Maturities of lease liabilities were as
follows:

    Schedule of maturities of lease 

    (In thousands) 
    Operating  
    Finance 

    Year Ending December 31, 
    Lease  
    Lease 

    2025 
    $5,233 
    $128 

    2026 
     5,084  
     118 

    2027 
     5,242  
     61 

    2028 
     5,408  
     30 

    2029 
     3,761  
     10 

    Thereafter 
     985  
     – 

    Total undiscounted lease payments 
    25,713  
     347 

    Less amounts representing interest 
     (4,242) 
     (32)

    Lease Liability 
    $21,471 
    $315 

     F