The balances of the operating and finance lease related accounts as of September 30, 2025 and December 31, 2024 are as follows (in thousands):
|
|
|
September 30,
2025
|
|
December 31,
2024
|
|
Operating and Finance leases
|
|
|
Right-of-use assets
|
|
$
|
463 |
|
$
|
600 |
|
Operating lease liabilities – Short-term
|
|
$
|
228 |
|
$
|
169 |
|
Operating lease liabilities – Long-term
|
|
$
|
329 |
|
$
|
502 |
|
Finance lease liabilities – Short-term
|
|
$
|
19 |
|
$
|
17 |
|
Finance lease liabilities – Long-term
|
|
$
|
3 |
|
$
|
18 |
The components of lease expense and supplemental cash flow information as of and for the three and nine months ended September 30, 2025 and 2024 are as follows (in thousands):
| | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | Lease Cost: | | | | | | | | | | | | | | | | | | Operating lease cost | | $ | 55 | | | $ | 57 | | | $ | 171 | | | $ | 182 | | | | | | | | | | | | | | | | | | | | | Other Information: | | | | | | | | | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities for the year ended | | $ | 72 | | | $ | 68 | | | $ | 240 | | | $ | 195 | | | Weighted average remaining lease term – operating leases (in years) | | | 2.3 | | | | 3.3 | | | | 2.3 | | | | 3.3 | | | Average discount rate – operating leases | | | 10.00 | % | | | 10.00 | % | | | 10.00 | % | | | 10.00 | % | | Weighted average remaining lease term – financing leases (in years) | | | 1.2 | | | | 2.2 | | | | 1.2 | | | | 2.2 | | | Average discount rate – financing leases | | | 15.08 | % | | | 15.08 | % | | | 15.08 | % | | | 15.08 | % |
|
The balances of the lease related accounts as of December 31, 2024 and 2023 are as follows (in thousands):
|
Operating and Finance leases
|
|
As of
December 31,
|
|
2024
|
|
2023
|
|
Right-of-use assets
|
|
$
|
600 |
|
$
|
247 |
|
Operating lease liabilities – Short-term
|
|
$
|
169 |
|
$
|
203 |
|
Operating lease liabilities – Long-term
|
|
$
|
502 |
|
$
|
15 |
|
Finance lease liabilities – Short-term
|
|
$
|
17 |
|
$
|
14 |
|
Finance lease liabilities – Long-term
|
|
$
|
18 |
|
$
|
35 |
The components of lease expense and supplemental cash flow information as of and for the years ended December 31, 2024 and 2023 are as follows (in thousands):
| | | Year Ended
December 31, | | | | 2024 | | 2023 | | Lease Cost: | | | | | | | | | | Operating lease cost | | $ | 238 | | | $ | 261 | | | | | | | | | | | | | Other Information: | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities for the year ended | | $ | 268 | | | $ | 243 | | | Weighted average remaining lease term – operating leases (in years) | | | 3.00 | | | | 0.90 | | | Average discount rate – operating leases | | | 10.00 | % | | | 10.00 | % | | Weighted average remaining lease term – financing leases (in years) | | | 2.10 | | | | 3.00 | | | Average discount rate – financing leases | | | 15.08 | % | | | 15.08 | % |
|