Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Lease expense for these leases is recognized on a straight-line basis over the lease term. For the twelve months ended December 31, total lease costs are comprised of the following:


(Dollars in thousands)
	2025		2024
Operating lease cost	$	82	$	157

Short-term lease cost	50		—

Finance lease costs:
Amortization of right of use assets	57		—
Interest on lease liabilities	71		—
Total finance lease costs	128		—

Total net lease cost	$	260	$	157

Summary of Cash Flow Information Related to Leases

Supplemental cash flows information related to leases for the twelve months ended December 31 was as follows:


(Dollars in thousands)
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	82	$	159
Operating cash flows from financing leases	$	118	$	—

Non-Cash Activity Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—	$	146
Finance leases	$	2,303	$	—

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information for the twelve months ended December 31 was as follows:


(Dollars in thousands, except lease term and discount rate)
	2025			2024
Assets
Operating lease ROU asset	$	252		$	313
Finance lease asset, net	2,246			—
Total lease assets	$	2,498		$	313

Liabilities
Current operating lease liabilities	$	65		$	61
Current finance lease liabilities	20			—
Non-current operating lease liabilities	187			252
Non-current financing lease liabilities	2,236			—
Total lease liabilities	$	2,508		$	313






Weighted Average Remaining Lease Term (in years):
Operating leases	5.05			5.71
Finance leases	21.33			—

Weighted Average Discount Rate:
Operating leases	9.50		%	7.65		%
Finance leases	11.00		%	—		%

Schedule of Maturity of Operating Lease Liabilities

Maturities of operating and finance lease liabilities are as follows for the year ending December 31:

(Dollars in thousands)


	Operating leases		Finance leases		Total
2026	$	82	$	231	$	313
2027	82		237		319
2028	29		244		273
2029	29		250		279
2030	29		257		286
Thereafter	59		5,299		5,358
Total lease payments	310		6,518		6,828
Less: imputed interest	(58)		(4,262)		(4,320)
Total lease obligations	252		2,256		2,508
Less: current obligations	(65)		(20)		(85)
Long-term lease obligations	$	187	$	2,236	$	2,423

Schedule of Maturity of Finance Lease Liabilities

Maturities of operating and finance lease liabilities are as follows for the year ending December 31:

(Dollars in thousands)


	Operating leases		Finance leases		Total
2026	$	82	$	231	$	313
2027	82		237		319
2028	29		244		273
2029	29		250		279
2030	29		257		286
Thereafter	59		5,299		5,358
Total lease payments	310		6,518		6,828
Less: imputed interest	(58)		(4,262)		(4,320)
Total lease obligations	252		2,256		2,508
Less: current obligations	(65)		(20)		(85)
Long-term lease obligations	$	187	$	2,236	$	2,423