Note 10 - Lease

The Company has a non-cancellable operating lease for its corporate office space in Golden, Colorado, which qualifies for capitalization under ASC 842 Leases. As of June 30, 2026, the Golden, Colorado lease has a remaining term of approximately 2.6 years and includes an option to extend for up to ten additional years; however, the extension option is not recognized as part of the right-of-use asset as it is not reasonably certain to be exercised. As of June 30, 2026 and December 31, 2025, the net right-of-use asset “ROU” recorded under the operating lease was $0.5 million and $0.5 million, respectively, and the corresponding lease liability was $0.6 million and $0.7 million, respectively.

The Company evaluates contracts above certain thresholds to identify leases and lease components. Lease and non-lease components are not separated for facility space leases. The Company uses its contractual borrowing rate to determine lease discount rates when an implicit rate is not available. Lease cost for the three months and six months ended June 30, 2026 and June 30, 2025, included in unaudited condensed consolidated statements of operations, is as follows:

 Schedule of Lease Cost 

The following represents the activity for the right of use asset:

 Schedule of Right of Use Assets 

Future minimum lease payments as of June 30, 2026 are as follows:

 Schedule of Future Minimum Lease Payments