v3.26.1
Other Current Liabilities
3 Months Ended
Mar. 31, 2026
Other Liabilities Disclosure [Abstract]  
Other Current Liabilities

NOTE 9 – OTHER CURRENT LIABILITIES

Other current liabilities consisted of the following:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

(in thousands)

 

 

 

 

 

 

Current portion of long-term operating and financing leases

 

$

114

 

 

$

116

 

Dividend payable (1)

 

 

691

 

 

 

691

 

Project advance expense (2)

 

 

1,666

 

 

 

1,048

 

Litigation reserves

 

 

1,080

 

 

 

2,363

 

Other current liabilities

 

 

4

 

 

 

4

 

Total other liabilities

 

 

3,555

 

 

 

4,222

 

Less: other long-term liabilities

 

 

-

 

 

 

(12

)

Other current liabilities

 

$

3,555

 

 

$

4,210

 

 

(1) - See Note 18, Related Parties, to the consolidated financial statements.

(2) - Represents amounts advanced by customers to cover third-party expenses specifically related to their project. These expenses are offset against the advance and are not part of the Company's statement of operations and comprehensive loss.