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Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Schedule of Components of Lease Expense | The components of lease expense are as follows:
|  | Three months ended |
(in thousands) |  | March 31, 2025 |  |  | March 31, 2024 |
Operating lease expense |  | $ | 173 |  |  | $ | 173 |
Finance lease cost |  |  |  |  |  |  |  |
Amortization of right-to-use assets |  | $ | 2 |  |  | $ | 2 |
Interest on lease liabilities |  | $ | 1 |  |  | $ | 1 |
Total finance lease cost |  | $ | 3 |  |  | $ | 3 |
Cash flow information:
|  | Three months ended |
(in thousands) |  | March 31, 2025 |  |  | March 31, 2024 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flow use from operating leases |  | $ | 156 |  |  | $ | 153 |
Operating cash flow use from finance leases |  | $ | 3 |  |  | $ | 3 |
Financing cash flow use from finance leases |  | $ | 2 |  |  | $ | 2 |
Non-cash activity: |  |  |  |  |  |  |  |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  | $ | - |  |  | $ | - |
Finance Leases |  | $ | - |  |  | $ | - |
Weighted average remaining lease terms are as follows at March 31, 2025:
Weighted average remaining lease term: |  |
Operating leases |  | 2.3 years
Finance Leases |  | 1.8 years
Below is information on the weighted average discount rates used at the time that the leases were evaluated:
Weighted average discount rates: |  |  |
Operating leases |  |  | 4.8 | %
Finance Leases |  |  | 6.2 | %
Schedule of Maturities of Lease Liabilities | Maturities of lease liabilities are as follows:
(in thousands) Year ending December 31, |  | Operating Leases |  |  | Finance Leases |
2025 (excluding three months ended March 31, 2025) |  |  | 475 |  |  |  | 8 |
2026 |  |  | 643 |  |  |  | 11 |
2027 |  |  | 380 |  |  |  | - |
Total lease payments |  | $ | 1,498 |  |  | $ | 19 |
Less imputed interest |  |  | (83 | ) |  |  | (1 | )
Present value of lease liabilities |  | $ | 1,415 |  |  | $ | 18 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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