XML 26 R15.htm IDEA: XBRL DOCUMENT v3.25.3
Leases
9 Months Ended
Sep. 30, 2025
Leases  
Leases

10. Leases

 

Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods. 

 

Rent expense for three and nine months ended September 30, 2025 and 2024 was as follows: 

 

 

 

Three months ended September 30,



Nine months ended September 30,

 

 

2025

 

 

2024



2025


2024

Rent expense

 

$

73

 

 

$

116



$ 285

$ 343

The Company leases a 1,350-square-foot facility in Gainesville, Florida under an operating lease that expires in February 2028The facility has been used primarily for research and development. The Company is seeking a third party to assume the remaining lease term.

 

The Company leases a 9,402 square-foot facility in Salt Lake City, Utah under the terms of an operating lease expiring in February 2028. The facility supported the Company's principal administrative, sales, marketing, customer support, and research and product development activities. The Company is seeking a third party to assume the remaining lease term.


We entered into a lease on December 1, 2024 to occupy a 2,590 square-foot warehouse in Salt Lake City Utah. The lease is an operating lease expiring in February 2028. This facility serves as our primary warranty and repair center.    


Supplemental cash flow information related to leases was as follows: 

 

 

 

Nine months ended September 30,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities

 



 

 



 

Operating cash flows from operating leases
$ 204
$ 338
Right-of-use assets obtained in exchange for lease obligations:







Operating leases
$

$


Supplemental balance sheet information related to leases was as follows: 


 

 

September 30, 2025

 

 

December 31, 2024

 

Operating lease right-of-use assets

 

$

 546

 

 

$

 750

 


 








Current portion of operating lease liabilities, included in accrued liabilities
$ 218

$ 257

Operating lease liabilities, net of current portion

 

 

348

 

 

 

514

 

Total operating lease liabilities

 

$

566

 

 

$

771

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term for operating leases (in years) 

2.42


2.99
Weighted average discount rate for operating leases

6.75 %

6.59 %


The following represents maturities of operating lease liabilities as of September 30, 2025:

 

Years ending December 31,

 

 

 

 

2025 (Remainder)

 

$

61

 

2026

 

 

251

 

2027

 

 

259

 

2028

 

 

45

 

2029

 

 

 

Total lease payments

 

 

616

 

Less: Imputed interest

 

 

50

Total

 

$

566