|
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. |
|