LEASES

6 Months Ended

Jun. 30, 2026

NOTE 15 – LEASES

The Company has various operating lease agreements, which are primarily for office space. These agreements frequently include one or more renewal options and require the Company to pay for utilities, taxes, insurance and maintenance expense. No lease agreement imposes a restriction on the Company’s ability to engage in financing transactions or enter into further lease agreements. At June 30, 2026, the Company has right-of-use assets of $1.3 million and a total lease liability for operating leases of $1.3 million of which $1.0 million is included in long-term lease liabilities and $0.3 million is included in current lease liabilities.

At June 30, 2026, future minimum lease payments for operating leases with non-cancelable terms of more than one year were as follows (in thousands):

Year Ending December 31,
Remainder of 2026	$	71
2027		480
2028		451
2029		366
2030		31
		1,399
Included interest		(127	)
	$	1,272

No new leases or amendments were entered into during the six months ended June 30, 2026 and 2025.

Operating lease expense was $0.1 million for both the three-months ended June 30, 2026, and 2025.

Operating lease expense was $0.2 million for both the six-months ended June 30, 2026 and 2025.

Other information related to leases is as follows:

Cash paid for amounts included in the measurement of lease liabilities:	Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Operating cash flow from operating leases (in thousands)	$	231	$	141

Weighted Average Remaining Lease Term
Operating leases		3.29 years		2.87 years

Weighted Average Discount Rate
Operating leases		5.45%		5.27%