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Note 10 - Leases

9 Months Ended

Sep. 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*				*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):