v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases  
Schedule of Lease Costs

The table below presents certain information related to the Company’s lease costs for the period ended (in thousands):

 

   2025   2024 
  

For the Year

Ended December 31,

 
   2025   2024 
Operating lease expense  $171   $204 
Short-term lease cost   98    122 
Variable lease cost   18    17 
Total lease cost  $287   $343 
Schedule of Operating Lease Right-of-Use Assets and Liabilities

Operating lease right-of-use assets and operating lease liabilities were recorded in the consolidated balance sheets as follows (in thousands):

 

   December 31,   December 31, 
   2025   2024 
Assets          
Operating lease right-of-use assets  $    744   $    870 
Liabilities          
Current liabilities:          
Operating lease liability, current   85    74 
Noncurrent liabilities:          
Operating lease liability   751    878 
Total operating lease liability  $836   $952 
Schedule of Operating Leases Weighted Average Remaining Lease Term and Discount Rate

The table below presents certain information related to the weighted-average remaining lease term and the weighted-average discount rate for the Company’s operating leases:

 

    December 31,     December 31,  
    2025     2024  
Weighted average remaining lease term (in years) - operating leases     6.17       7.17  
Weighted average discount rate - operating leases     9.25 %     9.25 %
Schedule of Cash flows for the Operating Leases

The table below presents certain information related to the cash flows for the Company’s operating leases for the period ended (in thousands):

 

   2025   2024 
  

For the Year Ended

December 31,

 
   2025   2024 
Amortization of right-of-use assets  $88   $111 
Change in operating lease liability  $(73)  $(87)
Schedule of Future Minimum Lease Payments

Future minimum lease payments required under operating leases are as follows (in thousands):

 

Period Ended December 31,  Future Minimum Rents 
2026  $159 
2027   167 
2028   175 
2029   185 
2030 and thereafter   430 
Total minimum lease payments   1,116 
Less: effects of discounting   (280)
Present value of future minimum lease payments  $836