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Note 10 - Leases

6 Months Ended

Jun. 30, 2025

10.

Leases

The Company is a lessee under certain operating leases for office space and equipment.

The components of lease expenses consisted of the following for the periods presented (in thousands):

		*Three Months Ended*				*Six Months Ended*
		*June 30,*				*June 30,*
Lease Costs	*Classification*	*2025*		*2024*		*2025*		*2024*
Operating lease cost	Selling, General and Administrative Expense	$	57	$	93	$	129	$	269
Short-term lease cost	Selling, General and Administrative Expense		272		128		296		299
Total lease cost		$	329	$	221	$	425	$	568

The following includes supplemental information for the periods presented (in thousands):

	*Three Months Ended*				*Six Months Ended*
	*June 30,*				*June 30,*
	*2025*		*2024*		*2025*		*2024*

Operating cash flows from operating leases	$	82	$	134	$	174	$	310

Right-of-use assets obtained in exchange for lease obligations
Operating lease	$	-	$	-	$	-	$	-

Balance sheet information related to leases consisted of the following as of the periods presented (in thousands):

	*June 30, 2025*			*December 31, 2024*
Assets:
Operating lease right-of-use assets	$	477		$	630
Liabilities:
Current portion of operating lease liabilities		180			276
Non-current portion of operating lease liabilities		297			353
Total Operating lease liabilities	$	477		$	629

Weighted average remaining lease term - operating leases (in years)		2.86			2.64
Weighted average discount rate - operating leases		8.06	%		7.70	%

The following table summarizes the maturities of lease liabilities as of June 30, 2025 (in thousands):