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Note 9 Leases
As of September 30, 2025, the balance of our right-of-use (“ROU”) assets was $3.9 million, net and lease liabilities were $4.0 million, included in current portion, lease liability and lease liability, net of current portion. The maturity of our lease liabilities as of September 30, 2025 is as follows in (“000’s”):
| Year | | Finance | | | Operating | |
| 2026 | | $ | 267 | | | $ | 1,136 | |
| 2027 | | | 154 | | | | 1,093 | |
| 2028 | | | 54 | | | | 506 | |
| 2029 | | | — | | | | 285 | |
| 2030 | | | — | | | | 171 | |
| Thereafter | | | — | | | | 736 | |
| Total undiscounted Lease Payments | | | 475 | | | | 3,927 | |
| Less: Present value discount | | | (14 | ) | | | (357 | ) |
| Total Lease Liability | | $ | 461 | | | $ | 3,570 | |
Lease expense recognized on our leases is as follows in (“000’s”):
| | | Nine months
Ended
September 30,
2025 | | | Nine months
Ended
September 30,
2024 | | | Three months
Ended
September 30,
2025 | | | Three months
Ended
September 30,
2024 | |
| Finance leases | | | | | | | | | | | | | | | | |
| Amortization expense | | $ | 118 | | | $ | 124 | | | $ | 46 | | | $ | 56 | |
| Interest expense | | | 9 | | | | 11 | | | | 4 | | | | 7 | |
| Operating leases | | | | | | | | | | | | | | | | |
| Straight-line rent expense | | | 620 | | | | 584 | | | | 225 | | | | 282 | |
| Total lease expense | | $ | 747 | | | $ | 718 | | | $ | 275 | | | $ | 345 | |
The following summarizes additional information related to our leases for 2025 and 2024 in (“000’s”):
| | | Nine months ended
September 30, 2025 | | | Nine months ended
September 30, 2024 | |
| | | Finance | | | Operating | | | Finance | | | Operating | |
| Weighted-average remaining lease terms (years) | | | 2.0 | | | | 5.0 | | | | 3.0 | | | | 4.1 | |
| Weighted-average discount rate | | | 4.53 | % | | | 3.61 | % | | | 3.91 | % | | | 2.95 | % |
| ROU assets obtained in exchange for new lease liabilities | | $ | 180 | | | $ | 1,395 | | | $ | 219 | | | $ | — | |
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