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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Lease Cost Recognized in Condensed Consolidated Statement of Operations and Other Lease Information

Lease cost recognized in the Consolidated Statements of Operations and other lease information is summarized as follows:

 

 

Three Months Ended March 31,

 

(In Thousands)

 

2025

 

 

2024

 

Operating lease cost

 

$

144

 

 

$

207

 

Finance lease cost:

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

 

 

 

66

 

Interest on lease liabilities

 

 

11

 

 

 

22

 

Variable and short-term lease cost

 

 

10

 

 

 

 

Total lease cost

 

$

165

 

 

$

295

 

Other information:

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

2.4

 

 

 

3.4

 

Weighted-average remaining lease term - finance leases

 

 

0.7

 

 

 

1.7

 

Weighted-average discount rate - operating leases

 

 

7.1

%

 

 

6.8

%

Weighted-average discount rate - finance leases

 

 

14.1

%

 

 

14.1

%

Cash paid for operating leases

 

$

141

 

 

$

138

 

Cash paid for finance leases

 

$

115

 

 

$

115

 

Schedule of Future Payments Under Operating and Finance Lease Liabilities

As of March 31, 2025, the Company’s future payments under operating and finance lease liabilities were as follows:

(In Thousands)

 

Operating Leases

 

 

Finance Leases

 

2025

 

$

425

 

 

$

306

 

2026

 

 

397

 

 

 

 

2027

 

 

380

 

 

 

 

2028

 

 

 

 

 

 

2029 and thereafter

 

 

 

 

 

 

Gross future lease payments

 

 

1,202

 

 

 

306

 

Less: imputed interest

 

 

(106

)

 

 

(13

)

Present value of total lease liabilities

 

 

1,096

 

 

 

293

 

Less: current portion of lease liabilities

 

 

(457

)

 

 

(293

)

Total long-term lease liabilities

 

$

639

 

 

$