v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Components of Operating Lease The components of this operating lease were as follows:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

Operating lease expense

 

$

537

 

 

$

537

 

Variable lease expense

 

 

131

 

 

 

126

 

Total operating lease expense

 

$

668

 

 

$

663

 

Cash paid for amounts included in the measurement of lease liabilities, included in operating cash flows

 

$

546

 

 

$

533

 

Reconciliation of Remaining Undiscounted Contractual Rent Obligations

The following table provides a reconciliation of the Company’s remaining undiscounted contractual rent obligations due within each year ended December 31 to the operating lease liabilities recognized as of March 31, 2026:

Year ended December 31

 

Operating
Leases

 

2026

 

$

1,660

 

2027

 

 

2,261

 

2028

 

 

2,318

 

2029

 

 

1,372

 

Thereafter

 

 

-

 

Total lease payments

 

 

7,611

 

Less: present value adjustment

 

 

(972

)

Total operating lease liabilities

 

$

6,639

 

Included in the balance sheet:

 

 

 

Current portion of lease liabilities - operating

 

$

2,167

 

Non-current portion of lease liabilities - operating

 

 

4,472

 

Total operating lease liabilities

 

$

6,639

 

 

Components of Equipment Finance Leases The components of the equipment finance leases were as follows:

 

Three Months Ended

 

 

March 31,

 

 

2026

 

 

2025

 

Reduction in the carrying amount of ROU assets, finance

$

80

 

 

$

80

 

Interest on finance lease liabilities

 

16

 

 

 

37

 

Total finance lease expense

$

96

 

 

$

117

 

Cash paid for amounts included in the measurement of lease liabilities, included in financing cash flows

$

121

 

 

$

159

 

Reconciliation of Remaining Equipment Finance Lease Obligations

The following table provides a reconciliation of the Company’s remaining equipment finance lease obligations due within each year ending December 31 to the equipment finance lease liabilities recognized at March 31, 2026:

Year ended December 31

Equipment Finance Leases

 

2026

$

401

 

2027

 

359

 

2028

 

11

 

2029

 

-

 

Thereafter

 

-

 

Total lease payments

 

771

 

Less: imputed interest

 

(45

)

Total finance lease liabilities

$

726

 

Included in the balance sheet:

 

 

Current portion of lease liabilities - finance

$

528

 

Non-current portion of lease liabilities - finance

 

198

 

Total finance lease liabilities

$

726