| Leases consisted of the following (in thousands):
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Leases |
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Classification |
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June 30, 2025 |
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|
December 31, 2024 |
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Assets |
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Operating lease assets |
|
Right of use asset |
|
$ |
10 |
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$ |
137 |
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Total leased assets |
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$ |
10 |
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$ |
137 |
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Liabilities |
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Current - Operating |
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Operating lease liability- current |
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$ |
11 |
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$ |
155 |
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Total leased liabilities |
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$ |
11 |
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$ |
155 |
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Lease Cost |
|
Classification |
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Three
Months Ended
June 30, 2025 |
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Three
Months Ended
June 30, 2024 |
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Six
Months Ended
June 30, 2025 |
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Six
Months Ended
June 30, 2024 |
|
Operating lease cost |
|
SG&A Expenses |
|
$ |
10 |
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|
$ |
242 |
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|
$ |
129 |
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|
$ |
507 |
|
Short term lease cost |
|
SG&A Expenses |
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|
1 |
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|
3 |
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|
4 |
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|
$ |
6 |
|
Sublease income (1) |
|
SG&A Expenses |
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|
— |
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|
(141 |
) |
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|
(143 |
) |
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|
(262 |
) |
Net lease (income) cost |
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|
$ |
11 |
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|
$ |
104 |
|
|
$ |
(10 |
) |
|
$ |
251 |
|
(1)Sublease income is recorded as a reduction to lease expense.
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Lease Term
and Discount Rate |
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June 30, 2025 |
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|
December 31, 2024 |
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Weighted-average remaining
lease term (years) |
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|
0.5 |
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|
0.6 |
|
Weighted-average discount rate |
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|
6.5 |
% |
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|
6.5 |
% |
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