|
The
following summarizes quantitative information about our operating leases (amounts in thousands):
Schedule of Quantitative Information about Operating and Finance Leases
| |
|
|
|
|
|
|
| |
|
For the three months ended |
| |
|
March
31, 2026 |
|
|
March
31, 2025 |
|
| Operating leases: |
|
|
|
|
|
|
|
|
| Operating lease expense |
|
$ |
- |
|
|
$ |
239 |
|
| Total operating lease expense |
|
$ |
- |
|
|
$ |
239 |
|
| Finance leases: |
|
|
|
|
|
|
|
|
| Interest lease cost |
|
$ |
38 |
|
|
$ |
83 |
|
| Depreciation expense |
|
|
317 |
|
|
|
392 |
|
| Total finance lease expense |
|
$ |
355 |
|
|
$ |
475 |
|
Other
information related to the Company’s leases is shown below (dollar amounts in thousands):
| |
|
|
|
|
|
|
| |
|
For
the three months ended |
|
| |
|
March 31, 2026 |
|
|
March 31, 2025 |
|
| Operating cash flows used in operating
leases |
|
$ |
(1 |
) |
|
$ |
(1 |
) |
| |
|
March 31, 2026 |
|
|
December
31, 2025 |
|
| Weighted-average remaining lease
term – operating leases (in years) |
|
|
- |
|
|
|
- |
|
| Weighted-average remaining lease term –
finance leases (in years) |
|
|
1.8 |
|
|
|
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) |
|
$ |
1,660 |
|
|
$ |
1,977 |
|
| (1) |
|
As of March 31,
2026 and December 31, 2025, the Company had recorded accumulated depreciation of approximately $3.4
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. |
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