v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases  
Schedule of Components of Lease Cost

The components of lease cost for the Company’s leases for the three and six months ended June 30, 2025, and 2024 were as follows (in thousands):

 

             
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
                 
Operating Leases:                    
Lease cost  $121   $149   $242   $292 
                     
Finance Leases:                    
Amortization of ROU assets   64    65    127    131 
Interest on lease liability   25    21    48    43 
Finance lease   89    86    175    174 
                     
Short-term lease rent expense   2    2    4    2 
                     
Total lease cost  $212   $237   $421   $468 
Schedule of Weighted Average Lease

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases as of June 30, 2025, were:

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)   4.3    3.6 
           
Weighted average discount rate   7.7%   9.5%

 

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at June 30, 2024, were:

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)   5.0    4.1 
           
Weighted average discount rate   7.4%   8.9%
Schedule of Operating and Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for the operating and finance leases as of June 30, 2025, to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

 

   Operating Leases   Finance Leases 
2025 (Remaining)  $249   $191 
2026   479    231 
2027   447    197 
2028   343    174 
2029   334    112 
2030 and thereafter   73    — 
Total undiscounted lease payments   1,925    905 
Less: Imputed interest   (315)   (144)
Present value of lease payments  $1,610   $761 
           
Current portion of operating lease obligations  $372   $—  
Long-term operating lease obligations, less current portion  $1,238   $—  
Current portion of finance lease obligations  $—    $264 
Long-term finance lease obligations, less current portion  $—    $497 
Schedule of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to our leases were as follows for the three and six months ended June 30, 2025, and 2024 (in thousands):

 

             
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
Cash paid for amounts included in the measurement of lease liabilities:                    
Operating cash flow used in operating leases  $123   $149   $236   $296 
Operating cash flow used in finance leases  $25   $21   $48   $43 
Financing cash flow used in finance leases  $77   $71   $148   $146 
                     
ROU assets obtained in exchange for lease obligations for:                    
Finance liabilities  $—    $—    $132   $—  
Operating liabilities  $—    $497   $—    $497