The following tables present the (i) costs by lease category, (ii) other quantitative information, and (iii) future minimum payments under non-cancelable financing and operating leases as they relate to the Company’s leases (in thousands, except for weighted averages): | | | | | | | | | | | | | Six Months Ended June 30, | | 2026 | | 2025 | | Operating lease cost | $ | 416 | | | $ | 263 | | | Finance lease expense: | | | | | Amortization of leased assets | 18 | | | 720 | | | Interest on lease liabilities | 24 | | | 134 | | | Total lease expense | $ | 458 | | | $ | 1,117 | |
| | | | | | | | | | | | | Six Months Ended June 30, | | 2026 | | 2025 | | Other Information | | | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from finance leases | $14 | | $830 | | Operating cash flows from operating leases | $456 | | $351 | | Finance cash flows from finance leases | $13 | | $90 | | Right-of-use asset obtained in exchange for new finance lease liabilities | $258 | | $21 | | Right-of-use asset obtained in exchange for new operating lease liabilities | $1,123 | | $1,337 | | Weighted-average remaining lease term, finance leases (months) | 106 | | 52 | | Weighted-average remaining lease term, operating leases (months) | 38 | | 42 | | Weighted-average discount rate - finance leases (1) | 12 | % | | 16 | % | | Weighted-average discount rate - operating leases (1) | 10 | % | | 9 | % |
(1)When our leases do not provide an implicit interest rate, we calculate the lease liability at lease commencement as the present value of unpaid lease payments using our estimated incremental borrowing rate. The incremental borrowing rate represents the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term and is determined using a portfolio approach based on information available at the commencement date of the lease.
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