Note 7 - Leases

3 Months Ended

Mar. 31, 2026

Note 7 — Leases

The Company’s future lease payments as of March 31, 2026, which are presented as operating lease liabilities, current portion and operating lease liabilities, less current portion on the Company’s unaudited condensed consolidated balance sheets are as follows:

2026 (remainder of year)	$	749
2027		942
2028		19
2029		—
2030		—
Total lease payments	$	1,710
Less: imputed interest		(107	)
Present value of lease liabilities	$	1,603

Supplemental disclosure of cash flow information related to the Company’s cash and non-cash activities with its leases are as follows:

	*Three Months Ended March 31,*
	*2026*			*2025*
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	249		$	267
Non-cash investing and financing activities
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—		$	34
Weighted-average remaining lease term - operating leases (in years)		1.74			2.71
Weighted-average discount rate - operating leases		7.905	%		7.925	%

As of March 31, 2026 and December 31, 2025, the Company’s right-of-use assets from operating leases were $1,591 and $1,806, respectively, which are reported in operating lease right-of-use assets in the unaudited condensed consolidated balance sheets. As of March 31, 2026 and December 31, 2025, the Company had outstanding operating lease obligations of $1,603 and $1,820, respectively, of which $908 and $893, respectively, are reported in operating lease liabilities, current portion and $695 and $927, respectively, are reported in operating lease liabilities less current portion in the Company’s unaudited condensed consolidated balance sheets. The Company calculates its incremental borrowing rates for specific lease terms, as a function of the financing terms the Company would likely receive on the open market.