v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheets information related to leases as of June 30, 2026 and December 31, 2025 are as follows (in thousands):

 

Leases

 

Classification

 

June 30,
2026

 

 

December 31,
2025

 

Assets

 

 

 

 

 

 

 

 

Operating lease

 

Operating lease right-of-use assets

 

$

1,423

 

 

$

2,070

 

Finance lease

 

Property, plant and equipment, net

 

 

145

 

 

 

217

 

Total lease assets

 

 

 

$

1,568

 

 

$

2,287

 

Liabilities

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Operating lease

 

Operating lease liabilities

 

$

1,144

 

 

$

1,427

 

Finance lease

 

Other current liabilities

 

 

106

 

 

 

130

 

Non-current

 

 

 

 

 

 

 

 

Operating lease

 

Non-current operating lease liabilities

 

 

324

 

 

 

690

 

Finance lease

 

Other non-current liabilities

 

 

71

 

 

 

128

 

Total lease liabilities

 

 

 

$

1,645

 

 

$

2,375

 

Lease, Cost

The following table presents the weighted average remaining lease term and discount rate:

 

 

June 30,
2026

 

 

December 31,
2025

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

1.3 years

 

 

1.5 years

 

Finance leases

 

1.7 years

 

 

2.1 years

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

6.0

%

 

 

6.5

%

Finance leases

 

 

6.9

%

 

 

7.0

%

Other Lease Information

The components of lease cost from continuing operations included in the Company’s consolidated statements of operations, are as follows (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,
2026

 

 

June 30,
2025

 

 

June 30,
2026

 

 

June 30,
2025

 

Operating lease cost

 

$

333

 

 

$

495

 

 

$

704

 

 

$

979

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

28

 

 

37

 

 

 

58

 

 

 

73

 

Interest on lease liabilities

 

 

3

 

 

 

8

 

 

 

7

 

 

 

15

 

Total lease cost

 

$

364

 

 

$

540

 

 

$

769

 

 

$

1,067

 

 

The above table does not include an immaterial cost of short-term leases for the three and six months ended June 30, 2026 and 2025.

Other lease information associated with continuing operations is as follows (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,
2026

 

 

June 30,
2025

 

 

June 30,
2026

 

 

June 30,
2025

 

Cash paid for amounts included in the
   measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

343

 

 

$

470

 

 

$

701

 

 

$

1,092

 

Operating cash flows from finance leases

 

 

3

 

 

 

8

 

 

 

7

 

 

 

15

 

Financing cash flows from finance leases

 

 

32

 

 

 

40

 

 

 

66

 

 

 

78

 

Schedule of Future Lease Payments

The aggregate future lease payments for operating and finance leases as of June 30, 2026 are as follows (in thousands):

 

 

Operating
Leases

 

 

Finance
Leases

 

Remainder of 2026

 

$

677

 

 

$

63

 

2027

 

 

740

 

 

 

103

 

2028

 

 

92

 

 

 

20

 

2029

 

 

13

 

 

 

2

 

Total future lease payments

 

 

1,522

 

 

 

188

 

Less: Imputed interest

 

 

(53

)

 

 

(11

)

Present value of future payments

 

$

1,469

 

 

$

177