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Note 8 - Operating Leases

9 Months Ended

Sep. 30, 2025

8.	*OPERATING LEASES*

The Company has operating leases predominantly for operating facilities. As of September 30, 2025, the remaining lease terms on our operating leases range from approximately one (1) year to six (6) years. Lease terms include renewal options reasonably certain of exercise. There is no transfer of title or option to purchase the leased assets upon expiration. There are no residual value guarantees or material restrictive covenants.

The components of lease expense for the current and prior-year comparative periods were as follows:

	Three months ended				Nine months ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Operating lease cost		290	$	242	$	887	$	772
Variable lease cost		27		24		72		76
Total lease cost	$	317	$	266	$	959	$	848

Supplemental cash flow information related to leases was as follows:

	Nine-month period ended September 30,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	928	$	768
Right-of-use assets obtained in exchange for lease liabilities:	$	-	$	1,391

Supplemental consolidated balance sheet information related to leases was as follows:

	Balance sheet classification	September 30, 2025			December 31, 2024
Assets:
Operating lease right-of-use asset	Other noncurrent assets	$	3,509		$	4,153

Liabilities:
Current operating lease liability	Accrued expenses and other current liabilities	$	1,064		$	1,138
Operating lease liability, net of current portion	Other noncurrent liabilities		2,437			2,998
Total operating lease liability		$	3,501		$	4,136

Weighted-average remaining lease term (years)			3.8			4.5

Weighted-average discount rate			6.7	%		6.7	%

Future minimum lease payments as of September 30, 2025 are as follows:

Maturity of operating lease liabilities
2025	$	296
2026		1,053
2027		997
2028		982
2029		514
Thereafter		110
Total lease payments		3,952
Less: Imputed interest		(451	)
Present value of remaining lease payments	$	3,501