v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company leases office space located in West Chester, Pennsylvania that serves as the Company’s headquarters. The initial term expires on September 1, 2027. Base rent over the initial term is approximately $2.4 million, and the Company is also responsible for its share of the landlord’s operating expenses.
The Company entered into a fleet program to provide vehicles for its sales force. The vehicles are leased for a typical term of 52 months and classified as finance leases. The Company recorded $0.6 million of additional right-of-use assets and $0.6 million of additional right-of-use liabilities during the three and six months ended June 30, 2026. There were no additional right-of-use assets or right-of-use liabilities recorded during the three and six months ended June 30, 2025.
The components of lease expense are as follows (in thousands):
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Finance lease cost:
Amortization of right-of-use assets$113 $81 $213 $165 
Interest on lease liabilities21 18 40 38 
Total finance lease costs$134 $99 $253 $203 
Operating lease:
Operating lease costs$85 $85 $171 $171 
Maturities of the Company’s operating leases, excluding short-term leases, as of June 30, 2026 are as follows (in thousands):
OperatingFinance
2026 (remaining 6 months)$184 $354 
2027246 614 
2028— 355 
2029—163 
Thereafter— 35 
Total lease payments430 1,521 
Less imputed interest(14)(127)
Lease liability$416 $1,394 
The weighted average remaining lease term and discount rates for the Company's leases as of June 30, 2026 are as follows:
OperatingFinance
Weighted average remaining lease term (years)1.173.10
Weighted average discount rate6.25 %7.59 %
Leases Leases
The Company leases office space located in West Chester, Pennsylvania that serves as the Company’s headquarters. The initial term expires on September 1, 2027. Base rent over the initial term is approximately $2.4 million, and the Company is also responsible for its share of the landlord’s operating expenses.
The Company entered into a fleet program to provide vehicles for its sales force. The vehicles are leased for a typical term of 52 months and classified as finance leases. The Company recorded $0.6 million of additional right-of-use assets and $0.6 million of additional right-of-use liabilities during the three and six months ended June 30, 2026. There were no additional right-of-use assets or right-of-use liabilities recorded during the three and six months ended June 30, 2025.
The components of lease expense are as follows (in thousands):
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Finance lease cost:
Amortization of right-of-use assets$113 $81 $213 $165 
Interest on lease liabilities21 18 40 38 
Total finance lease costs$134 $99 $253 $203 
Operating lease:
Operating lease costs$85 $85 $171 $171 
Maturities of the Company’s operating leases, excluding short-term leases, as of June 30, 2026 are as follows (in thousands):
OperatingFinance
2026 (remaining 6 months)$184 $354 
2027246 614 
2028— 355 
2029—163 
Thereafter— 35 
Total lease payments430 1,521 
Less imputed interest(14)(127)
Lease liability$416 $1,394 
The weighted average remaining lease term and discount rates for the Company's leases as of June 30, 2026 are as follows:
OperatingFinance
Weighted average remaining lease term (years)1.173.10
Weighted average discount rate6.25 %7.59 %