As of September 30, 2026, the Company leased-in certain facilities and other equipment but did not lease-in any vessels. The leases typically contain purchase and renewal options or rights of first refusal with respect to the sale or lease of the equipment. The lease terms of certain facilities and other equipment had a duration ranging from one to 243 months.

As of September 30, 2026, future minimum payments for leases for the remainder of 2026 and the years ended December 31, noted below, were as follows (in thousands):


	Operating Leases			Finance Leases
Remainder of 2026	$	133		$	9
2027		419			38
2028		127			29
2029		70			29
2030		30			17
Years subsequent to 2030		480			—
		1,259			122
Interest component		(318	)		(14	)
		941			108
Current portion of long-term lease liabilities		464			24
Long-term lease liabilities	$	477		$	84

For the three and nine months ended September 30, 2026 and 2025 the components of lease expense were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Operating lease costs	$	185	$	159	$	515	$	566
Finance lease costs:
Amortization of finance lease assets (1)		7		3		14		19
Interest on finance lease liabilities (2)		2		1		3		3
Short-term lease costs		152		121		338		376
	$	346	$	284	$	870	$	964

(1)

Included in amortization costs in the consolidated statements of income (loss).

(2)

Included in interest expense in the consolidated statements of income (loss).

For the nine months ended September 30, 2026 and 2025 supplemental cash flow information related to leases was as follows (in thousands):


	2026		2025
Operating cash outflows from operating leases	$	468	$	522
Financing cash outflows from finance leases		15		16
Right-of-use assets obtained for operating lease liabilities		230		—
Right-of-use assets obtained for finance lease liabilities		95		—

For the nine months ended September 30, 2026 and 2025 other information related to leases was as follows:


	2026			2025
Weighted average remaining lease term, in years - operating leases		10.9			10.4
Weighted average remaining lease term, in years - finance leases		3.6			2.0
Weighted average discount rate - operating leases		10.9	%		8.8	%
Weighted average discount rate - finance leases		9.7	%		11.0	%