v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Assets And Liabilities, Lessee
The following is a summary of leases on the consolidated balance sheets:
December 31,
$ in thousandsLine item20252024
Assets
Operating leasesOperating lease right-of-use assets$551 $2,699 
Financing leasesProperty, plant, and equipment, net43 331 
Total assets$594 $3,030 
Liabilities
Current
Operating leasesOperating lease liabilities, current portion$1,074 $683 
Financing leasesFinance lease liabilities, current portion127 187 
Non-current
Operating leasesNon-current operating lease liabilities2,584 2,125 
Financing leasesNon-current finance lease liabilities— 110 
Total liabilities$3,785 $3,105 
Schedule of Lease Costs
The following table presents the Company’s lease costs by period presented and the classification on the consolidated statements of operations and comprehensive loss:
Year Ended December 31,
$ in thousandsLine item20252024
Operating lease costsGeneral and administrative$1,016 $624 
Financing lease costs:
Amortization of right-of-use assetsDepreciation, amortization, and accretion$39 $18 
Interest on lease liabilitiesInterest income, net29 15 
Total finance lease costs$68 $33 
Schedule Of Weighted-Average Lease Term and Discount Rate, Lessee
The following is a summary of the weighted-average lease term and discount rate:
December 31,
20252024
Weighted-average remaining lease term - operating leases3.9 years4.3 years
Weighted-average remaining lease term - finance leases0.7 years1.7 years
Weighted-average discount rate - operating leases10.0%9.1%
Weighted-average discount rate - finance leases14.0%14.0%
Schedule of Future Minimum Lease Payments
The following table presents the future minimum lease payments that the Company expects to make under its operating and finance leases as of December 31, 2025:
$ in thousandsOperating leasesFinance leases
2026$1,124 $133 
20271,160 — 
20281,170 — 
2029735 — 
2030236 — 
Total lease payments$4,425 $133 
Less: imputed interest(767)(6)
Present value of lease liabilities$3,658 $127 
Finance Lease, Liability, to be Paid, Maturity
The following table presents the future minimum lease payments that the Company expects to make under its operating and finance leases as of December 31, 2025:
$ in thousandsOperating leasesFinance leases
2026$1,124 $133 
20271,160 — 
20281,170 — 
2029735 — 
2030236 — 
Total lease payments$4,425 $133 
Less: imputed interest(767)(6)
Present value of lease liabilities$3,658 $127