v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease Cost Other Than the Impairment Loss Amount Recognized in Consolidated Statement of Operations and Other Lease Information

Lease cost, other than the impairment loss amount, recognized in the Consolidated Statements of Operations and other lease information is summarized as follows:

 

 

Three Months Ended March 31,

 

(In Thousands, Except Terms in Years and Percentages)

 

2026

 

 

2025

 

Operating lease cost

 

$

95

 

 

$

144

 

Finance lease cost:

 

 

 

 

 

 

Interest on lease liabilities

 

 

 

 

 

11

 

Variable and short-term lease cost

 

 

 

 

 

10

 

Total lease cost

 

$

95

 

 

$

165

 

Other information:

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

1.5

 

 

 

2.4

 

Weighted-average remaining lease term - finance leases

 

 

 

 

 

0.7

 

Weighted-average discount rate - operating leases

 

 

7.5

%

 

 

7.1

%

Weighted-average discount rate - finance leases

 

 

 

 

 

14.1

%

Cash paid for operating leases

 

$

95

 

 

$

141

 

Cash paid for finance leases

 

$

 

 

$

115

 

Schedule of Future Payments Under Operating Lease Liabilities

As of March 31, 2026, the Company’s future payments under operating lease liabilities were as follows:

(In Thousands)

 

 

 

2026

 

$

302

 

2027

 

 

311

 

Gross future lease payments

 

$

613

 

Less: imputed interest

 

 

(35

)

Present value of total lease liabilities

 

$

578

 

Less: current portion of lease liabilities

 

 

(373

)

Total long-term lease liabilities

 

$

205