v3.26.1
Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases  
Schedule of lease expenses

Lease expenses for the Company’s operating leases were recorded in the unaudited condensed consolidated statements of operations as follows (in thousands):

Three Months Ended September 30, 

Nine Months Ended September 30, 

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Operating lease expense

$

14

$

10

$

42

$

10

Short-term lease expense

 

18

 

 

41

 

7

Variable lease expense

 

7

 

 

17

 

Total lease expense

$

39

$

10

$

100

$

17

  ​ ​ ​

September 30, 2025

  ​ ​ ​

September 30, 2024

 

Weighted average remaining lease term (in years) - operating leases

 

0.75

 

1.75

Weighted average discount rate - operating leases

 

6.46

%  

6.50

%

Schedule of future lease payments

Future lease payments for all lease obligations for the following two fiscal years and thereafter are as follows (in thousands):

  ​ ​ ​

Operating Lease

Years ending December 31:

2025 (remainder)

$

15

2026

 

29

Total minimum lease payments

$

44

Less effects of discounting

 

(1)

Present value of future minimum lease payments

$

43

Schedule of undiscounted cash flows of sales-type leases

The table below reconciles the undiscounted cash flows to be received to the net investment in sales-type leases recorded in the unaudited condensed consolidated balance sheets (in thousands):

Years ending December 31:

  ​ ​ ​

2025 (remainder)

$

26

2026

 

102

2027

 

102

2028

 

102

2029

 

102

2030 and thereafter

 

265

Total minimum lease payments

$

699

Less: unearned interest

 

(203)

Net investment in sales-type leases

$

496

Schedule of interest income recognized on lease arrangements

Interest income recognized on lease arrangements is included in interest expense, net, on the unaudited condensed consolidated statements of operations, and is presented below (in thousands):

Three Months Ended September 30, 

Nine Months Ended September 30, 

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Lease income - sales-type leases

$

13

$

10

$

41

$

10

Total lease income

$

13

$

10

$

41

$

10