As of June 30, 2026, the Company leased-in certain facilities and other equipment but did not lease-in any vessels. The leases typically contain purchase and renewal options or rights of first refusal with respect to the sale or lease of the equipment. The lease terms of certain facilities and other equipment had a duration ranging from three to 246 months.

As of June 30, 2026, future minimum payments for leases for the remainder of 2026 and the years ended December 31, noted below, were as follows (in thousands):


	Operating Leases			Finance Leases
Remainder of 2026	$	322		$	7
2027		419			9
2028		127			—
2029		70			—
2030		30			—
Years subsequent to 2030		480			—
		1,448			16
Interest component		(340	)		(1	)
		1,108			15
Current portion of long-term lease liabilities		549			12
Long-term lease liabilities	$	559		$	3

For the three and six months ended June 30, 2026 and 2025 the components of lease expense were as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Operating lease costs	$	170	$	207	$	330	$	407
Finance lease costs:
Amortization of finance lease assets (1)		3		4		7		15
Interest on finance lease liabilities (2)		—		1		1		2
Short-term lease costs		96		118		186		255
	$	269	$	330	$	524	$	679

(1)

Included in amortization costs in the consolidated statements of income (loss).

(2)

Included in interest expense in the consolidated statements of income (loss).

For the six months ended June 30, 2026 supplemental cash flow information related to leases was as follows (in thousands):


	2026		2025
Operating cash outflows from operating leases	$	278	$	364
Financing cash outflows from finance leases		7		13
Right-of-use assets obtained for operating lease liabilities		230		—

For the six months ended June 30, 2026 other information related to leases was as follows:


	2026			2025
Weighted average remaining lease term, in years - operating leases		10.2			9.3
Weighted average remaining lease term, in years - finance leases		1.2			2.2
Weighted average discount rate - operating leases		11.8	%		8.4	%
Weighted average discount rate - finance leases		11.0	%		11.0	%