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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | 6. Leases The Company has operating and finance leases for buildings and other assets such as vehicles and office equipment. The Company’s leases have remaining lease terms ranging from one year to four years. The tables below present financial information related to the Company’s leases. Supplemental balance sheets information related to leases as of September 30, 2025 and December 31, 2024 are as follows (in thousands):
Leases |  | Classification |  | September 30, 2025 |  |  | December 31, 2024 |
Assets |  |  |  |  |  |  |  |  |  |
Operating lease |  | Operating lease right-of-use assets |  | $ | 2,423 |  |  | $ | 3,107 |
Finance lease |  | Property, plant and equipment, net |  |  | 310 |  |  |  | 390 |
Total lease assets |  |  |  | $ | 2,733 |  |  | $ | 3,497 |
Liabilities |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |
Operating lease |  | Operating lease liabilities |  | $ | 1,428 |  |  | $ | 1,393 |
Finance lease |  | Other current liabilities |  |  | 163 |  |  |  | 153 |
Non-current |  |  |  |  |  |  |  |  |  |
Operating lease |  | Non-current operating lease liabilities |  |  | 1,018 |  |  |  | 1,823 |
Finance lease |  | Other non-current liabilities |  |  | 198 |  |  |  | 294 |
Total lease liabilities |  |  |  | $ | 2,807 |  |  | $ | 3,663 |
The following table presents the weighted average remaining lease term and discount rate:
|  | September 30, 2025 |  |  | December 31, 2024 |
Weighted average remaining lease term |  |  |  |  |  |  |  |
Operating leases |  |  | 1.8 years |  |  |  | 2.5 years |
Finance leases |  |  | 2.3 years |  |  |  | 2.9 years |
Weighted average discount rate |  |  |  |  |  |  |  |
Operating leases |  |  | 6.6 | % |  |  | 6.8 | %
Finance leases |  |  | 7.0 | % |  |  | 7.1 | %
The components of lease cost from continuing operations included in the Company’s consolidated statem ent s of op erati ons, are as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |  |  | September 30, 2025 |  |  | September 30, 2024 |
Operating lease cost |  | $ | 430 |  |  | $ | 456 |  |  | $ | 1,408 |  |  | $ | 1,385 |
Finance lease cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 39 |  |  |  | 33 |  |  |  | 112 |  |  |  | 102 |
Interest on lease liabilities |  |  | 6 |  |  |  | 8 |  |  |  | 21 |  |  |  | 27 |
Total lease cost |  | $ | 475 |  |  | $ | 497 |  |  | $ | 1,541 |  |  | $ | 1,514 |
The above table does not include an immaterial cost of short-term leases for the three and nine months ended September 30, 2025 and 2024. Other lease information associated with continuing operations is as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |  |  | September 30, 2025 |  |  | September 30, 2024 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 404 |  |  | $ | 467 |  |  | $ | 1,495 |  |  | $ | 1,419 |
Operating cash flows from finance leases |  |  | 6 |  |  |  | 8 |  |  |  | 21 |  |  |  | 27 |
Financing cash flows from finance leases |  |  | 41 |  |  |  | 35 |  |  |  | 119 |  |  |  | 104 |
Non-cash transaction amounts of lease liabilities arising from obtaining right-of-use assets were $1,170 thousand and $736 thousand for the nine months ended September 30, 2025 and 2024, respectively. The aggregate future lease payments for operating and finance leases as of September 30, 2025 are as follows (in thousands):
|  | Operating Leases |  |  | Finance Leases |
Remainder of 2025 |  | $ | 356 |  |  | $ | 47 |
2026 |  |  | 1,530 |  |  |  | 177 |
2027 |  |  | 700 |  |  |  | 143 |
2028 |  |  | 11 |  |  |  | 23 |
2029 |  |  | — |  |  |  | 2 |
Total future lease payments |  |  | 2,597 |  |  |  | 392 |
Less: Imputed interest |  |  | (151 | ) |  |  | (31 | )
Present value of future payments |  | $ | 2,446 |  |  | $ | 361 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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