The
following summarizes quantitative information about our operating leases (amounts in thousands):
Schedule of Quantitative Information about Operating and Finance Leases
| | |
| | |
| |
| | |
For the three months ended |
| | |
March
31, 2026 | | |
March
31, 2025 | |
| Operating leases: | |
| | | |
| | |
| Operating lease expense | |
$ | - | | |
$ | 239 | |
| Total operating lease expense | |
$ | - | | |
$ | 239 | |
| Finance leases: | |
| | | |
| | |
| Interest lease cost | |
$ | 38 | | |
$ | 83 | |
| Depreciation expense | |
| 317 | | |
| 392 | |
| Total finance lease expense | |
$ | 355 | | |
$ | 475 | |
Other
information related to the Company’s leases is shown below (dollar amounts in thousands):
| | |
| | |
| |
| | |
For
the three months ended | |
| | |
March 31, 2026 | | |
March 31, 2025 | |
| Operating cash flows used in operating
leases | |
$ | (1 | ) | |
$ | (1 | ) |
| | |
March 31, 2026 | | |
December
31, 2025 | |
| Weighted-average remaining lease
term – operating leases (in years) | |
| - | | |
| - | |
| Weighted-average remaining lease term –
finance leases (in years) | |
| 1.8 | | |
| 2.1 | |
| Weighted-average discount rate – operating
leases | |
| N/A | | |
| N/A | |
| Weighted-average discount rate – finance
leases | |
| 7.43 | % | |
| 7.43 | % |
| Finance lease asset (1) | |
$ | 1,660 | | |
$ | 1,977 | |
| (1) | | As of March 31,
2026 and December 31, 2025, the Company had recorded accumulated depreciation of approximately $3.4
million and $3.1 million for the finance lease asset, respectively. Finance lease assets are recorded within property and equipment,
net on the Company’s Condensed Consolidated Balance Sheets. |
|