v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Supplemental Cash Flow Information and Lease Expense
Supplemental cash flow information related to leases is as follows (in thousands):
Six Months Ended June 30,
20262025
Cash paid for amounts included in measurement of lease liabilities:
Operating cash outflows - payments on operating leases$696 $680 
Operating cash outflows - payments on financing leases$19 $24 
Financing cash outflows - payments on financing leases$18 $14 
The components of lease expense were as follows (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2026202520262025
Operating lease cost$305 $305 609 609 
Financing lease cost - amortization of right-of-use asset9 9 18 18 
Financing lease cost - interest on lease liability9 12 19 24 
Variable lease cost221 206 419 409 
Total lease cost$544 $532 1,065 1,060 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to the Company’s operating and financing leases is as follows (in thousands):
June 30, 2026December 31, 2025
Operating Leases:
Operating lease assets$3,455 $3,981 
Operating lease liabilities, short-term$1,286 $1,246 
Operating lease liabilities, long-term2,885 3,539 
Total operating lease liabilities$4,171 $4,785 
Financing Leases:
Office furniture and fixtures$386 $386 
Accumulated depreciation(276)(257)
Net property, plant and equipment$110 $129 
Lease liabilities, short-term$56 $53 
Lease liabilities, long-term112 134 
Total financing lease liabilities$168 $187 
Weighted-average remaining lease term - operating leases (in years):3.043.54
Weighted-average remaining lease term - financing leases (in years):3.003.50
Weighted-average discount rate - operating leases:3.8 %3.8 %
Weighted-average discount rate - financing leases:12.0 %12.0 %
Schedule of Operating Lease Liability Maturities
Maturities of the Company’s operating lease liabilities as of June 30, 2026 were as follows (in thousands):
Operating Lease Maturities
2026 (excluding the six months ended June 30)$705 
20271,435 
20281,469 
2029804 
Total lease payments$4,413 
Less imputed interest(242)
Total present value of lease liabilities$4,171 
Schedule of Finance Lease Liability Maturities
Maturities of the Company’s financing lease liability as of June 30, 2026 were as follows (in thousands):
Financing Lease Maturities
2026 (excluding the six months ended June 30)$37 
202775 
202875 
202937 
Total lease payments$224 
Less imputed interest(56)
Total present value of lease liabilities$168