v3.26.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases  
SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost for the Company’s leases were as follows (in thousands):

 

   2025   2024 
   Twelve Months Ended December 31, 
   2025   2024 
         
Operating Leases:          
Lease cost  $483   $541 
           
Finance Leases:          
Amortization of ROU assets   271    261 
Interest on lease liability   97    81 
Finance lease   368    342 
           
Short-term lease rent expense   9    6 
           
Total lease cost  $860   $889 
SCHEDULE OF WEIGHTED AVERAGE LEASE

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases as of December 31, 2025, were:

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)   3.7    3.1 
           
Weighted average discount rate   7.8%   9.6%

 

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases as of December 31, 2024, were:

 

   Operating Leases   Finance Leases 
Weighted average remaining lease terms (years)   4.7    3.8 
           
Weighted average discount rate   7.7%   9.2%
SCHEDULE OF OPERATING AND FINANCE LEASE LIABILITY MATURITY

The following table reconciles the undiscounted cash flows for the operating and finance leases as of December 31, 2025, to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

 

   Operating Leases   Finance Leases 
2026  $530   $389 
2027   467    372 
2028   355    198 
2029   349    118 
2030   77    4 
Total undiscounted lease payments   1,778    1,081 
Less: Imputed interest   (260)   (149)
Present value of lease payments  $1,518   $932 

 

Current portion of operating lease obligations  $416   $N/A  
Long-term operating lease obligations, less current portion  $1,102   $N/A  
Current portion of finance lease obligations  $N/A    $313 
Long-term finance lease obligations, less current portion  $N/A    $619 
SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES

Supplemental cash flow and other information related to our leases were as follows (in thousands):

 

   2025   2024 
   Twelve Months Ended December 31, 
   2025   2024 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flow from operating leases  $486   $526 
Operating cash flow from finance leases  $97   $81 
Financing cash flow from finance leases  $308   $291 
           
ROU assets obtained in exchange for lease obligations for:          
Finance liabilities  $464   $  —  
Operating liabilities  $90   $497 
           
Reduction to ROU assets resulting from purchase of underlying asset:          
Operating liabilities  $  —    $404