v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Future Minimum Payments for Leases

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

 
Summary of Components of Leases Expense

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).
Summary of Supplemental Cash Flow Information Related to Leases

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

 

 

 

—

 
Summary of Other Information Related to Leases

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

%