v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Lease [Abstract]  
Schedule of Quantitative Information Regarding Operating Lease

Quantitative information regarding the Company’s operating lease liabilities is as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

384

 

 

$

185

 

 

$

655

 

 

$

353

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows paid for amounts included in the
   measurement of lease liabilities

 

$

345

 

 

$

178

 

 

$

561

 

 

$

343

 

Operating lease liabilities arising from obtaining right-of-
   use assets

 

$

2,953

 

 

$

102

 

 

$

4,600

 

 

$

102

 

Weighted average remaining lease term (years)

 

 

17.08

 

 

 

3.56

 

 

 

17.08

 

 

 

3.56

 

Weighted average discount rate

 

 

11.28

%

 

 

9.49

%

 

 

11.28

%

 

 

9.49

%
Schedule of Future Lease Payments Under Noncancelable Operating Leases

Future lease payments under noncancelable operating lease liabilities as of June 30, 2026 are as follows (in thousands):

 

 

Operating
Leases

 

Future Lease Payments

 

 

 

2026 (remaining six months)

 

$

742

 

2027

 

 

1,553

 

2028

 

 

1,259

 

2029

 

 

923

 

2030

 

 

808

 

Thereafter

 

 

9,347

 

Total lease payments

 

$

14,632

 

Less: imputed interest

 

 

(8,771

)

Total operating lease liabilities

 

$

5,861

 

Less current portion

 

$

(920

)

Operating lease liability - noncurrent

 

$

4,941

 
Schedule of Quantitative Information Regarding the Company's Finance Lease Liabilities

Quantitative information regarding the Company’s finance lease liabilities is as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Finance Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

Interest on lease liabilities

 

$

19

 

 

$

23

 

 

$

41

 

 

$

45

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows paid for amounts included in the
   measurement of finance lease liabilities

 

$

38

 

 

$

32

 

 

$

82

 

 

$

62

 

Amortization of right-of-use assets

 

$

27

 

 

$

13

 

 

$

58

 

 

$

53

 

Weighted average remaining lease term (years)

 

 

3.2

 

 

 

4.0

 

 

 

3.2

 

 

 

4.0

 

Weighted average discount rate

 

 

13.3

%

 

 

13.1

%

 

 

13.3

%

 

 

13.1

%
Schedule of Future Lease Payments Under Noncancelable Finance Leases

Future lease payments under noncancelable finance lease liabilities are as follows as of June 30, 2026 (in thousands):

 

 

Finance
Leases

 

Future Lease Payments

 

 

 

2026 (remaining six months)

 

$

123

 

2027

 

 

239

 

2028

 

 

196

 

2029

 

 

76

 

2030

 

 

75

 

Thereafter

 

 

—

 

Total lease payments

 

$

709

 

Less: imputed interest

 

 

(146

)

Total lease liabilities

 

$

563

 

Less current portion

 

$

(178

)

Finance lease liability - noncurrent

 

$

385

 
Net Investment in Sales Type Leases

The Company’s net investment in sales-type leases were comprised of the following (in thousands):

 

 

 

June 30, 2026

 

Total undiscounted cash flows

 

$

8,932

 

Present value discount

 

 

(4,362

)

Net investment in sales-type leases

 

$

4,570

 

Less current portion

 

$

(526

)

Net investment in sales-type leases - noncurrent

 

$

4,044

 

The current portion of sales-type leases is included in prepaid and other current assets on the balance sheet.

Future Minimum Lease Payments Under Sales-type Leases

Future minimum lease payments to be collected under sales-type leases, excluding lease payments that are not fixed and determinable, as of June 30, 2026 are as follows (in thousands):

 

 

Sales-type
Leases

 

Future Lease Payments To Be Collected

 

 

 

2026 (remaining six months)

 

$

552

 

2027

 

 

1,272

 

2028

 

 

1,272

 

2029

 

 

1,272

 

2030

 

 

1,163

 

Thereafter

 

 

3,401

 

Total undiscounted cash flows

 

$

8,932