The Company has operating leases primarily for corporate offices and vehicles. The Company has subleased a portion of the corporate office, for which the Company receives monthly payments, which have been netted with lease costs in the condensed consolidated statements of operations and related disclosures. Sublease income recorded within the condensed consolidated statements of operations for the three months ended March 31, 2026 and 2025 totaled approximately $0.1 million and $0.1 million, respectively. The operating lease liabilities are included in Short-term lease liability and Long-term lease liability in the condensed consolidated balance sheets. Lease costs and other information related to operating leases are as follows:


	Three Months Ended March 31,
(in thousands)	2026		2025
Lease Cost
General & administrative expense	$	116	$	122

Total lease cost	$	116	$	122

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	164	$	175

Lease terms and discount rates are as follows:


	March 31, 2026			December 31, 2025
Weighted-average remaining lease term (in years):
Operating leases	2.4 years			2.9 years
Weighted-average discount rate:
Operating leases		8.0	%		9.1	%

As of March 31, 2026, the future minimum payments under the lease are as follows:


(in thousands)
Year Ending December 31,	Operating Leases
Remainder of 2026	$	540
2027		707
2028		471
2029		68
2030		—
Total future minimum lease payments	$	1,786
Less: Interest		(184	)
Present value of lease liabilities	$	1,602

In 2025, the Company entered into a commercial real estate surface lease agreement with a third-party commercial real estate development company for approximately 6.86 acres of land for the development of a commercial convenience store. The agreement has a total term of up to 60 years, including two extension options. Effective February 2026, the developer completed construction and payments under the lease are expected to commence in the second quarter of 2026. Upon completion, management determined the lease met the criteria to be classified as a sales-type lease because the present value of fixed and determinable future payments exceed the fair value of the associated land. As such, the Company derecognized the land and recognized a net investment in the lease, resulting in a $3.3 million gain on net investment in sales-type lease within the condensed consolidated statement of operations.