Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Cost
The table below presents certain information related to the lease costs for the Company’s operating leases for the periods indicated (amounts in thousands):
Year Ended December 31,
2025 2024
Operating lease expense $ 1,423  $ 2,067 
Short-term lease expense 565  630 
Total lease cost $ 1,988  $ 2,697 
Schedule of Balance Sheet Location
Right of use lease assets and lease liabilities for our operating leases were recorded in the consolidated balance sheet as follows (amounts in thousands):
December 31,
2025 2024
Assets
Lease right of use assets $ 4,180  $ 3,781 
Total lease assets $ 4,180  $ 3,781 
Liabilities
Current liabilities:
Lease liability - current portion $ 1,663  $ 1,237 
Noncurrent liabilities:
Lease liability, net of current portion 3,296  3,522 
Total lease liability $ 4,959  $ 4,759 
Schedule of Weighted Average Remaining Lease Term and Discount Rate
The table below presents certain information related to the weighted average remaining lease term and the weighted average discount rate for the Company’s operating leases as of:
December 31,
2025 2024
Weighted average remaining lease term (in years) - operating leases 3.2 4.1
Weighted average discount rate - operating leases 8.33  % 7.61  %
Schedule of Future Lease Payments
Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of December 31, 2025, for the following five fiscal years and thereafter were as follows (amounts in thousands):
Years Ended December 31, Operating Leases
2026 $ 1,995 
2027 1,822 
2028 1,273 
2029 184 
2030 123 
Thereafter 280 
Total Minimum Lease Payments 5,677 
Less effects of discounting (718)
Present value of future minimum lease payments $ 4,959