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LEASES
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company leases certain equipment, manufacturing, warehouse and office space under non-cancellable operating leases with expirations through 2027 under which it is responsible for related maintenance, taxes and insurance. Effective July 1, 2024, our warehouse and office lease was amended to reduce the rentable square feet from 62,335 square feet to 29,692 square feet, and rent expense was decreased in proportion to the reduction in rentable square footage. The Company recorded this as a lease modification in accordance with ASC 842 Leases (“ASC 842”) and recorded a reduction to the right of use asset and lease liability of approximately $395 thousand using an incremental borrowing rate of approximately 13.64%. The Company recognized a gain on the lease modification of $63 thousand during the third quarter of 2024. The weighted average remaining lease term for operating leases is 2.0 years.
Components of the operating lease costs recognized in net loss were as follows (in thousands):
Three months ended June 30,Six months ended June 30,
 2025202420252024
Operating lease cost
Lease cost$44 $98 $92 $195 
Total lease cost$44 $98 $92 $195 
Supplemental balance sheet information related to the Company’s operating leases as of June 30, 2025 and December 31, 2024 are as follows (in thousands):
 June 30, 2025December 31, 2024
Operating Leases
Operating lease right-of-use assets$312 $377 
Operating lease liabilities326 393 
Future minimum lease payments required under operating leases for each of the 12-month rolling periods below in effect at June 30, 2025 are as follows (in thousands):
Operating Leases
July 2025 to June 2026$184 
July 2026 to June 2027187 
Total future undiscounted lease payments371 
Less imputed interest(45)
Total lease obligations$326 
Supplemental cash flow information related to leases for the three and six months ended June 30, 2025 and 2024, was as follows (in thousands):
Three months ended June 30,Six months ended June 30,
 2025202420252024
Supplemental cash flow information 
Cash paid, net, for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$45 $93 $90 $187 
LEASES LEASES
The Company leases certain equipment, manufacturing, warehouse and office space under non-cancellable operating leases with expirations through 2027 under which it is responsible for related maintenance, taxes and insurance. Effective July 1, 2024, our warehouse and office lease was amended to reduce the rentable square feet from 62,335 square feet to 29,692 square feet, and rent expense was decreased in proportion to the reduction in rentable square footage. The Company recorded this as a lease modification in accordance with ASC 842 Leases (“ASC 842”) and recorded a reduction to the right of use asset and lease liability of approximately $395 thousand using an incremental borrowing rate of approximately 13.64%. The Company recognized a gain on the lease modification of $63 thousand during the third quarter of 2024. The weighted average remaining lease term for operating leases is 2.0 years.
Components of the operating lease costs recognized in net loss were as follows (in thousands):
Three months ended June 30,Six months ended June 30,
 2025202420252024
Operating lease cost
Lease cost$44 $98 $92 $195 
Total lease cost$44 $98 $92 $195 
Supplemental balance sheet information related to the Company’s operating leases as of June 30, 2025 and December 31, 2024 are as follows (in thousands):
 June 30, 2025December 31, 2024
Operating Leases
Operating lease right-of-use assets$312 $377 
Operating lease liabilities326 393 
Future minimum lease payments required under operating leases for each of the 12-month rolling periods below in effect at June 30, 2025 are as follows (in thousands):
Operating Leases
July 2025 to June 2026$184 
July 2026 to June 2027187 
Total future undiscounted lease payments371 
Less imputed interest(45)
Total lease obligations$326 
Supplemental cash flow information related to leases for the three and six months ended June 30, 2025 and 2024, was as follows (in thousands):
Three months ended June 30,Six months ended June 30,
 2025202420252024
Supplemental cash flow information 
Cash paid, net, for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$45 $93 $90 $187