v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Cost Other Than the Impairment Loss Amount Recognized in Consolidated Statement of Operations and Other Lease Information

Lease cost, other than the impairment loss amount, recognized in the Consolidated Statements of Operations and other lease information is summarized as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(In Thousands, Except Terms in Years and Percentages)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

10

 

 

$

127

 

 

$

105

 

 

$

271

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Interest on lease liabilities

 

 

 

 

 

8

 

 

 

 

 

 

18

 

Variable and short-term lease cost

 

 

 

 

 

9

 

 

 

 

 

 

19

 

Total lease cost

 

$

10

 

 

$

144

 

 

$

105

 

 

$

308

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

1.3

 

 

 

2.4

 

 

 

 

 

 

 

Weighted-average remaining lease term - finance leases

 

 

 

 

 

0.4

 

 

 

 

 

 

 

Weighted-average discount rate - operating leases

 

 

7.5

%

 

 

7.5

%

 

 

 

 

 

 

Weighted-average discount rate - finance leases

 

 

 

 

 

14.1

%

 

 

 

 

 

 

Cash paid for operating leases

 

$

99

 

 

$

130

 

 

$

195

 

 

$

271

 

Cash paid for finance leases

 

$

 

 

$

115

 

 

$

 

 

$

229

 

Schedule of Future Payments Under Operating Lease Liabilities

As of June 30, 2026, the Company’s undiscounted future payments under operating lease liabilities were as follows:

(In Thousands)

 

 

 

2026

 

$

203

 

2027

 

 

311

 

Gross future lease payments

 

$

514

 

Less: imputed interest

 

 

(26

)

Present value of total lease liabilities

 

$

488

 

Less: current portion of lease liabilities

 

 

(385

)

Total long-term lease liabilities

 

$

103

 

Schedule of Future Receipts Under the Sublease

As of June 30, 2026, the Company’s undiscounted future receipts under the sublease are as follows:

(In Thousands)

 

 

 

2026

 

$

118

 

2027

 

 

179

 

Total future sublease receipts

 

$

297