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 Quantitative Information about Operating and Finance Leases
The following summarizes quantitative information about our operating leases (amounts in thousands):
For the Years Ended
December 31, 2025 December 31, 2024
Operating leases:
Operating lease cost $ 422  $ 956 
Total operating lease cost $ 422  $ 956 
Finance leases:
Interest lease cost $ 594  $ 399 
Depreciation expense 1,493  1,356 
Total finance lease expense $ 2,087  $ 1,755 
Other information related to the Company’s leases is shown below (dollar amounts in thousands):
For the Years Ended
December 31, 2025 December 31, 2024
Operating cash flows used in operating leases $ (1) $ (716)
December 31, 2025 December 31, 2024
Weighted-average remaining lease term – operating leases (in years) NA 6.5
Weighted-average remaining lease term – finance leases (in years) 2.1 2.3
Weighted-average discount rate – operating leases NA 10.00  %
Weighted-average discount rate – finance leases 7.43  % 9.13  %
Finance lease asset (1)
$ 1,977  $ 4,242 
Finance lease asset in discontinued operations (2)
$ —  $ 2,389 
(1) At December 31, 2025 and 2024, the Company had recorded accumulated depreciation of approximately $3.1 million and $2.3 million for the finance lease asset, respectively. Finance lease assets are recorded within property and equipment, net on the Company’s Consolidated Balance Sheets.
(2) As of December 31, 2024, the Company had recorded accumulated depreciation of approximately $1.4 million for the finance lease asset in discontinued operations. Finance lease assets in discontinued operations are recorded within other assets in discontinued operations on the Company’s Consolidated Balance Sheets.
Schedule of Maturity of Operating Leases
Maturities of the Company’s remaining finance lease are as follows (in thousands):
Finance Lease
Year Ended December 31, 2026 $ 2,774 
Year Ended December 31, 2027 824 
Total lease payments 3,598 
Less present value discount (135)
Total $ 3,463