Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of the Components of Lease Costs
The components of lease costs for the three months ended March 31, 2026 and 2025 are as follows (in thousands):
  Three Months Ended
March 31,
  2026 2025
Operating lease cost $ 462  $ 502 
Variable lease cost 127  159 
Total lease cost $ 589  $ 661 
Expense related to short-term leases, which are not recorded on the Company’s consolidated balance sheets, was $0.2 million and nil for the three months ended March 31, 2026, and 2025, respectively.
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
  Three Months Ended
March 31,
2026 2025
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:    
Operating cash flow from operating leases $ 472  $ 615 
 
Right of use assets obtained in exchange for lease obligations:
Operating leases $ —  $ 37 
Increases to right of use assets resulting from lease modifications:
Operating leases $ —  $ 344 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
  As of March 31,
  2026 2025
 
 
Years
Years
Weighted average remaining lease term: 4.3 5.1
  Rate Rate
Weighted average discount rate: 7.7% 7.6%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of March 31, 2026 are as follows (in thousands):
 
Operating
Leases
2026 $ 1,427 
2027 1,627 
2028 1,504 
2029 1,396 
2030 818 
2031 and thereafter
 273 
Total undiscounted lease payments 7,045 
Less: Imputed interest (2,587)
Total lease liabilities $ 4,458 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands ) for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
2026 2025
Net operating lease revenue $ 7,321  $ 7,703 
Sales-type lease revenue 99  88 
Total lease revenue $ 7,420  $ 7,791 
Schedule of Net Investment in Sales-Type Leases
The components of our net investment in sales-type leases as of March 31, 2026 and December 31, 2025 were (in thousands):
March 31,
2026		 December 31,
2025
Lease receivable $ 1,781  $ 1,905 
Net investment in leases $ 1,781  $ 1,905 
Our net investment in sales-type leases is classified as follows in the accompanying condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 were (in thousands):
March 31,
2026		 December 31,
2025
Accounts receivable, net $ 555  $ 563 
Other assets 1,226  1,342 
Total $ 1,781  $ 1,905 
Schedule of Future Maturities of Sales-Type Leases
Future maturities of sales-type leases as of March 31, 2026 are as follows (in thousands):
Sales-Type Leases
2026 $ 606 
2027 655 
2028 569 
2029 408 
2030 — 
Thereafter — 
Total undiscounted lease payments 2,238 
Less: Imputed interest (457)
Total lease receivables $ 1,781