v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease Cost Recognized in Condensed Consolidated Statement of Operations and Other Lease Information

Lease cost recognized in the Consolidated Statements of Operations and other lease information is summarized as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(In Thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease cost

 

$

127

 

 

$

144

 

 

$

271

 

 

$

287

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest on lease liabilities

 

 

8

 

 

 

19

 

 

 

18

 

 

 

41

 

Variable and short-term lease cost

 

 

9

 

 

 

(2

)

 

 

19

 

 

 

9

 

Total lease cost

 

$

144

 

 

$

161

 

 

$

308

 

 

$

337

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

2.4

 

 

 

3.0

 

 

 

 

 

 

 

Weighted-average remaining lease term - finance leases

 

 

0.4

 

 

 

1.4

 

 

 

 

 

 

 

Weighted-average discount rate - operating leases

 

 

7.5

%

 

 

6.8

%

 

 

 

 

 

 

Weighted-average discount rate - finance leases

 

 

14.1

%

 

 

14.1

%

 

 

 

 

 

 

Cash paid for operating leases

 

$

130

 

 

$

133

 

 

$

271

 

 

$

276

 

Cash paid for finance leases

 

$

115

 

 

$

115

 

 

$

229

 

 

$

229

 

Schedule of Future Payments Under Operating and Finance Lease Liabilities

As of June 30, 2025, the Company’s future payments under operating and finance lease liabilities were as follows:

(In Thousands)

 

Operating Leases

 

 

Finance Leases

 

2025

 

$

190

 

 

$

191

 

2026

 

 

397

 

 

 

 

2027 and thereafter

 

 

380

 

 

 

 

Gross future lease payments

 

 

967

 

 

 

191

 

Less: imputed interest

 

 

(86

)

 

 

(5

)

Present value of total lease liabilities

 

 

881

 

 

 

186

 

Less: current portion of lease liabilities

 

 

(330

)

 

 

(186

)

Total long-term lease liabilities

 

$

551

 

 

$