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Leases

9 Months Ended

Sep. 30, 2025

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