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Note 10 - Leases | 9 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
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 |  |  | Nine Months Ended |
|  |  | September 30, |  |  | September 30, |
Lease Costs | Classification |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease cost | Selling, general and administrative expense |  | $ | 57 |  |  | $ | 147 |  |  | $ | 186 |  |  | $ | 415 |
Short-term lease cost | Selling, general and administrative expense |  |  | 49 |  |  |  | 22 |  |  |  | 345 |  |  |  | 277 |
Total lease cost |  | $ | 106 |  |  | $ | 169 |  |  | $ | 531 |  |  | $ | 692 |
The following includes supplemental information for the periods presented (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating cash flows from operating leases |  | $ | 79 |  |  | $ | 105 |  |  | $ | 253 |  |  | $ | 415 |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease |  | $ | 497 |  |  | $ | - |  |  | $ | 497 |  |  | $ | - |
Balance sheet information related to leases consisted of the following as of the periods presented (in thousands):
|  | September 30, 2025 |  |  | December 31, 2024 |
Assets: |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 813 |  |  | $ | 630 |
Liabilities: |  |  |  |  |  |  |  |
Current portion of operating lease liabilities |  |  | 291 |  |  |  | 276 |
Non-current portion of operating lease liabilities |  |  | 529 |  |  |  | 353 |
Total Operating lease liabilities |  | $ | 820 |  |  | $ | 629 |
Weighted average remaining lease term - operating leases (in years) |  |  | 2.57 |  |  |  | 2.64 |
Weighted average discount rate - operating leases |  |  | 8.39 | % |  |  | 7.70 | %
The following table summarizes the maturities of lease liabilities as of September 30, 2025 (in thousands):
Period Ending December 31, |  | Amount |
2025 |  | $ | 105 |
2026 |  |  | 358 |
2027 |  |  | 338 |
2028 |  |  | 139 |
Total Lease Payments |  |  | 940 |
Less: imputed interest |  |  | (120 | )
Total |  | $ | 820 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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