Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 3

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 3
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 at cost 
    $4,039  
    $3,794 
  
    Less: Accumulated depreciation 
     (3,586) 
     (3,488)
  
    Property and equipment, net 
    $453  
    $306 

    Finance lease liabilities 
    $(467) 
    $(315)

    Weighted Average Discount Rate 

    Operating lease 
     5.0%  
     5.0% 
  
    Finance lease 
     6.4%  
     6.5% 

Maturities of lease liabilities were as follows:

    Schedule of maturities of lease liabilities 

    (In thousands) 
    Operating  
    Finance 
  
    Year Ending December 31, 
    Lease  
    Lease 
  
    2025 (excluding the six months ended June 30, 2025) 
    $2,558  
    $106 
  
    2026 
     5,084  
     207 
  
    2027 
     5,242  
     149 
  
    2028 
     5,408  
     30 
  
    2029 
     3,761  
     10 
  
    Thereafter 
     985  
     – 
  
    Total undiscounted lease payments 
     23,038  
     502 
  
    Less amounts representing interest 
     (2,807) 
     (35)
  
    Lease Liability 
    $20,231  
    $467 

     10 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

The following table presents
the lease expense included in General and administrative and Occupancy expense on our Unaudited Condensed Consolidated Statement of Operations: 

    Schedule of lease cost 

    Three Months Ended  
    Six Months Ended 

    June 30,  
    June 30, 

    2025  
    2024  
    2025  
    2024 

    (In thousands)  
    (In thousands) 
  
    Operating lease cost 
    $1,310  
    $1,311  
    $2,621  
    $