As of March 31, 2026 and December 31, 2025, the right-of-use asset and lease liability for the operating and finance lease are summarized as follows (in thousands):
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March 31, 2026 |
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December 31, 2025 |
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(in thousands) |
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Assets: |
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Total operating lease right-of-use asset |
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$ |
150 |
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$ |
173 |
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Total finance lease asset (1) |
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$ |
14 |
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$ |
20 |
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Liabilities: |
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Operating lease liability, current |
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$ |
100 |
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$ |
95 |
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Operating sublease liability, net of current portion |
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12 |
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12 |
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Operating lease liability, net of current portion |
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51 |
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65 |
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Total operating lease liability |
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$ |
163 |
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$ |
172 |
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Finance lease liability, current |
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$ |
14 |
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$ |
20 |
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Finance lease liability, net of current portion |
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- |
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- |
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Total finance lease liability |
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$ |
14 |
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$ |
20 |
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Weighted-average remaining lease term (in years): |
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Operating lease |
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1.50 |
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1.75 |
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Finance lease |
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0.50 |
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0.75 |
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Weighted-average discount rate: |
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Operating lease |
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14.39 |
% |
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14.39 |
% |
Finance lease |
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21.12 |
% |
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21.12 |
% |
(1) - Finance lease represents computer software, see Note 5, Property and Equipment, Net, to the consolidated financial statements.
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