v3.26.1
Note 8 - Leases - Schedule of Lease Liability Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Remainder of 2026 $ 1,441  
2027 1,965  
2028 1,910  
2029 1,940  
2030 1,972  
After 2031 1,288  
Total lease payments 10,516  
Less: interest (2,099)  
Present value of lease liabilities(*) $ 8,417 [1] $ 8,065
[1] As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date and considering the term of the lease to determine the present value of lease payments. The Company used the incremental borrowing rate of 10.25% on February 28, 2019, for operating leases that commenced prior to that date through December 31, 2021. The Company used an incremental borrowing rate of 5.65% for the NC lease. The Company used an incremental borrowing rate of 8.4% for the modified Office Agreement operating lease.