Note 10 - Leases

3 Months Ended

Mar. 31, 2025

10.

Leases

The Company is a lessee under certain operating leases for office space and equipment.

The components of lease expenses consisted of the following for the periods presented (in thousands):

		*Three Months Ended*
		*March 31,*
Lease Costs	*Classification*	*2025*		*2024*
Operating lease cost	Selling, General and Administrative Expense	$	72	$	170
Short-term lease cost	Selling, General and Administrative Expense		62		176
Total lease cost		$	134	$	346

The following includes supplemental information for the periods presented (in thousands):

	*Three Months Ended*
	*March 31,*
	*2025*		*2024*

Operating cash flows from operating leases	$	92	$	176

Right-of-use assets obtained in exchange for lease obligations
Operating lease	$	-	$	2,104

Balance sheet information related to leases consisted of the following as of the periods presented (in thousands):

	March 31, 2025			December 31, 2024
Assets:
Operating lease right-of-use assets	$	537		$	630
Liabilities:
Current portion of operating lease liabilities		219			276
Non-current portion of operating lease liabilities		318			353
Total Operating lease liabilities	$	537		$	629

Weighted average remaining lease term - operating leases (in years)		2.65			2.64
Weighted average discount rate - operating leases		7.89	%		7.70	%

The following table summarizes the maturities of lease liabilities as of March 31, 2025 (in thousands):