The
following summarizes quantitative information about our operating leases (amounts in thousands):
Schedule of Quantitative Information about Operating and Finance Leases
| | |
June
30, 2026 | | |
June
30, 2025 | | |
June
30, 2026 | | |
June
30, 2025 | |
| | |
For
the three months ended | | |
For
the six months ended | |
| | |
June
30, 2026 | | |
June
30, 2025 | | |
June
30, 2026 | | |
June
30, 2025 | |
| Operating
leases: | |
| | | |
| | | |
| | | |
| | |
| Operating
lease expense | |
$ | - | | |
$ | 165 | | |
$ | - | | |
$ | 404 | |
| Total
operating lease expense | |
$ | - | | |
$ | 165 | | |
$ | - | | |
$ | 404 | |
| Finance
leases: | |
| | | |
| | | |
| | | |
| | |
| Interest
lease cost | |
$ | 32 | | |
$ | 75 | | |
$ | 70 | | |
$ | 158 | |
| Depreciation
expense | |
| 317 | | |
| 392 | | |
| 634 | | |
| 784 | |
| Total
finance lease expense | |
$ | 349 | | |
$ | 467 | | |
$ | 704 | | |
$ | 942 | |
Other
information related to the Company’s leases is shown below (dollar amounts in thousands):
| | |
June 30, 2026 | | |
June 30, 2025 | |
| | |
For the six months ended | |
| | |
June 30, 2026 | | |
June 30, 2025 | |
| Operating cash flows used in operating leases | |
$ | - | | |
$ | (1 | ) |
| | |
| June 30, 2026 | | |
| December 31, 2025 | |
| Weighted-average remaining lease term – operating leases (in years) | |
| - | | |
| - | |
| Weighted-average remaining lease term – finance leases (in years) | |
| 1.6 | | |
| 2.1 | |
| Weighted-average discount rate – operating leases | |
| N/A | | |
| N/A | |
| Weighted-average discount rate – finance leases | |
| 7.43 | % | |
| 7.43 | % |
| Finance lease asset (1) | |
$ | 1,343 | | |
$ | 1,977 | |
| (1) |
As of June 30, 2026 and
December 31, 2025, the Company had recorded accumulated depreciation of approximately $3.7
million and $3.1 million for the finance lease asset, respectively. Finance lease assets are recorded within property and
equipment, net on the Company’s Condensed Consolidated Balance Sheets. |
|