v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Expense Recognized on Straight-line Basis Over Lease Term
Lease expense for these leases is recognized on a straight-line basis over the lease term. For the three and six months ended June 30, 2026 and June 30, 2025, total lease costs are comprised of the following:
(Dollars in thousands)Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Operating lease cost$176 $18 $197 $37 
Short-term lease cost— 38 — 38 
Finance lease costs
  Amortization of right of use assets21 — 43 — 
  Interest on lease liabilities51 — 79 — 
    Total finance lease costs72 — 122 — 
Total net lease cost$248 $56 $319 $75 
Schedule of Other Information Related to Leases
Other information related to leases was as follows:
Six Months Ended
June 30, 2026
Weighted Average Remaining Lease Term (in years):
Operating leases18.60
Financing leases20.83
Weighted Average Discount Rate:
Operating leases14.22 %
Financing leases11.35 %
(Dollars in thousands)Six Months Ended
June 30, 2026
Six Months Ended
June 30, 2025
Supplemental Cash Flows Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$203 $41 
Financing cash flows from financing leases$113 $— 
Non-Cash Activity Right-of-use assets obtained or adjusted in exchange for lease obligations:
Operating leases$— $— 
Financing leases$(430)$— 
Schedule of Maturity of Operating Lease Liabilities
Maturities of noncancellable operating and financing lease liabilities are as follows as of June 30, 2026:
(Dollars in thousands)
Operating leasesFinancing leasesTotal
2026 (remainder of year)$41 $113 $154 
2027730 225 955 
2028677 225 902 
2029677 225 902 
2030677 225 902 
Thereafter9,779 3,656 13,435 
Total lease payments12,581 4,669 17,250 
Less: imputed interest(8,197)(2,877)(11,074)
Total lease obligations4,384 1,792 6,176 
Less: current obligations(108)(23)(131)
Long-term lease obligations$4,276 $1,769 $6,045 
Schedule of Maturity of Finance Lease Liabilities
Maturities of noncancellable operating and financing lease liabilities are as follows as of June 30, 2026:
(Dollars in thousands)
Operating leasesFinancing leasesTotal
2026 (remainder of year)$41 $113 $154 
2027730 225 955 
2028677 225 902 
2029677 225 902 
2030677 225 902 
Thereafter9,779 3,656 13,435 
Total lease payments12,581 4,669 17,250 
Less: imputed interest(8,197)(2,877)(11,074)
Total lease obligations4,384 1,792 6,176 
Less: current obligations(108)(23)(131)
Long-term lease obligations$4,276 $1,769 $6,045