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Note 11 - Leases | 9 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Leases of Lessee and Lessor Disclosure [Text Block] | NOTE 11 LEASES (a) Lessee leases: The Company has operating leases for office space that include fixed base rent payments, as well as variable rent payments to reimburse the landlord for operating expenses and taxes. The Company’s variable lease payments do not depend on a published index or rate, and therefore, are expensed as incurred. The Company includes only fixed payments for lease components in the measurement of the right-of-use asset and lease liability. There are no residual value guarantees. Operating lease costs, variable lease costs and short-term lease costs included in general and administrative expenses for the three and nine months ended September 30, 2025 and September 30, 2024 were as follows:
(in thousands) |  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease cost |  | $ | 380 |  |  | $ | 140 |  |  | $ | 791 |  |  | $ | 423 |
Variable lease cost |  |  | 55 |  |  |  | 61 |  |  |  | 157 |  |  |  | 198 |
Short-term lease cost |  |  | 4 |  |  |  | 24 |  |  |  | 62 |  |  |  | 74 |
The annual maturities of lease liabilities as of September 30, 2025 were as follows:
(in thousands) |  | Lease Commitments |
2025 |  | $ | 385 |
2026 |  |  | 1,486 |
2027 |  |  | 1,297 |
2028 |  |  | 1,050 |
2029 |  |  | 961 |
2030 and thereafter |  |  | 2,137 |
Total undiscounted lease payments |  |  | 7,316 |
Imputed interest |  |  | 126 |
Total lease liabilities |  | $ | 7,190 |
The weighted-average remaining lease term for our operating leases was 7.68 years as of September 30, 2025. The weighted-average discount rate of our operating leases was 6.89% as of September 30, 2025. Cash paid for amounts included in the measurement of lease liabilities was $0.8 million and $0.4 million for the nine months ended September 30, 2025 and September 30, 2024, respectively. (b) Lessor leases: The Company enters into contracts with third-parties to lease equipment to its customers. In certain of these contracts, the Company has the option to purchase the equipment back from such third-party at the end of the lease term with the end customer. In these cases, the Company determined that these contracts represent a lease, and the Company is a lessor under these contracts. The sum of the lease payments received by the Company exceed the cost of the equipment. Therefore, these leases are determined to be sales-type leases. The Company receives the full lease payment for the equipment upfront when the equipment is delivered to the customer and installation is complete. Therefore the Company does not record a receivable or interest income related to these leases. The Company recognizes all revenue and costs associated with the sales-type lease within service fee and commission revenue, and cost of services sold, respectively, upon delivery and installation of the equipment to the customer. For the three months ended September 30, 2025 and September 30, 2024, total revenue recognized from sales-type leases was $0.4 million and zero, respectively ($1.1 million and zero for the nine months ended September 30, 2025 and September 30, 2024, respectively).

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- Definition The entire disclosure for both lessee entity's leasing arrangements and lessor entity's leasing arrangements for operating, capital and leveraged leases.. + References No definition available. + Details
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