v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Lease [Abstract]  
Schedule of Quantitative Information Regarding Operating Lease

Quantitative information regarding the Company’s operating lease liabilities is as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Operating Lease Cost

 

 

 

 

 

 

Operating lease cost

 

$

369

 

 

$

168

 

Other Information

 

 

 

 

 

 

Operating cash flows paid for amounts included in the
   measurement of lease liabilities

 

$

314

 

 

$

165

 

Operating lease liabilities arising from obtaining right-of-
   use assets

 

$

1,673

 

 

$

—

 

Weighted average remaining lease term (years)

 

 

3.65

 

 

 

3.58

 

Weighted average discount rate

 

 

9.54

%

 

 

9.63

%
Schedule of Future Lease Payments Under Noncancelable Operating Leases

Future lease payments under noncancelable operating lease liabilities as of March 31, 2026 are as follows (in thousands):

 

 

Operating
Leases

 

Future Lease Payments

 

 

 

2026 (remaining nine months)

 

$

777

 

2027

 

 

1,094

 

2028

 

 

822

 

2029

 

 

520

 

2030

 

 

418

 

Thereafter

 

 

—

 

Total lease payments

 

$

3,631

 

Less: imputed interest

 

 

(588

)

Total operating lease liabilities

 

$

3,043

 

Less current portion

 

$

(789

)

Operating lease liability - noncurrent

 

$

2,254

 
Schedule of Quantitative Information Regarding the Company's Finance Lease Liabilities

Quantitative information regarding the Company’s finance lease liabilities is as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Finance Lease Cost

 

 

 

 

 

 

Interest on lease liabilities

 

$

23

 

 

$

22

 

Other Information

 

 

 

 

 

 

Operating cash flows paid for amounts included in the
   measurement of finance lease liabilities

 

$

44

 

 

$

30

 

Amortization of right-of-use assets

 

$

31

 

 

$

41

 

Weighted average remaining lease term (years)

 

 

3.4

 

 

 

4.2

 

Weighted average discount rate

 

 

13.2

%

 

 

13.0

%
Schedule of Future Lease Payments Under Noncancelable Finance Leases

Future lease payments under noncancelable finance lease liabilities are as follows as of March 31, 2026 (in thousands):

 

 

Finance
Leases

 

Future Lease Payments

 

 

 

2026 (remaining nine months)

 

$

176

 

2027

 

 

228

 

2028

 

 

188

 

2029

 

 

73

 

2030

 

 

70

 

Thereafter

 

 

—

 

Total lease payments

 

$

735

 

Less: imputed interest

 

 

(157

)

Total lease liabilities

 

$

578

 

Less current portion

 

$

(165

)

Finance lease liability - noncurrent

 

$

413

 
Net Investment in Sales Type Leases

The Company’s net investment in sales-type leases were comprised of the following (in thousands):

 

 

 

March 31, 2026

 

Total undiscounted cash flows

 

$

8,752

 

Present value discount

 

 

(4,401

)

Net investment in sales-type leases

 

$

4,351

 

Less current portion

 

$

(443

)

Net investment in sales-type leases - noncurrent

 

$

3,908

 
Future Minimum Lease Payments Under Sales-type Leases

Future minimum lease payments to be collected under sales-type leases, excluding lease payments that are not fixed and determinable, as of March 31, 2026 are as follows (in thousands):

 

 

Sales-type
Leases

 

Future Lease Payments To Be Collected

 

 

 

2026 (remaining nine months)

 

$

759

 

2027

 

 

1,211

 

2028

 

 

1,211

 

2029

 

 

1,211

 

2030

 

 

1,108

 

Thereafter

 

 

3,252

 

Total undiscounted cash flows

 

$

8,752