Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of the Components of Lease Costs
The components of lease costs for the three and six months ended June 30, 2026 and 2025 are as follows (in thousands):
Three Months Ended
June 30,		 Six Months Ended
June 30,
2026 2025 2026 2025
Operating lease cost $ 476  $ 514  $ 938  $ 1,016 
Variable lease cost 127  101  254  260 
Total lease cost $ 603  $ 615  $ 1,192  $ 1,276 
Expense related to short-term leases, which are not recorded on the Company’s consolidated balance sheets, for the three and six months ended June 30, 2026 was $0.3 million and $0.6 million compared to $0.2 million and $0.4 million for the same prior year periods, respectively.
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
Six Months Ended
June 30,
2026 2025
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:
Operating cash flow from operating leases $ 946  $ 1,084 
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 June 30,
2026 2025
Years
Years
Weighted average remaining lease term: 4.1 4.9
Rate Rate
Weighted average discount rate: 7.8% 7.6%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of June 30, 2026 are as follows (in thousands):
Operating
Leases
2026 $ 949 
2027 1,627 
2028 1,504 
2029 1,396 
2030 818 
2031 and thereafter
 273 
Total undiscounted lease payments 6,567 
Less: Imputed interest (2,460)
Total lease liabilities $ 4,107 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands ) for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,
Six Months Ended June 30,
2026 2025 2026 2025
Net operating lease revenue $ 7,767  $ 7,679  $ 15,088  $ 15,382 
Sales-type lease revenue 168  100  267  187 
Total lease revenue $ 7,935  $ 7,779  $ 15,355  $ 15,569 
Schedule of Net Investment in Sales-Type Leases
The components of our net investment in sales-type leases as of June 30, 2026 and December 31, 2025 were (in thousands):
June 30,
2026		 December 31,
2025
Lease receivable $ 1,686  $ 1,905 
Net investment in leases $ 1,686  $ 1,905 
Our net investment in sales-type leases is classified as follows in the accompanying condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 were (in thousands):
June 30,
2026		 December 31,
2025
Accounts receivable, net $ 585  $ 563 
Other assets 1,101  1,342 
Total $ 1,686  $ 1,905 
Schedule of Future Maturities of Sales-Type Leases
Future maturities of sales-type leases as of June 30, 2026 are as follows (in thousands):
Sales-Type Leases
2026 $ 399 
2027 688 
2028 593 
2029 415 
2030 — 
Thereafter — 
Total undiscounted lease payments 2,095 
Less: Imputed interest (409)
Total lease receivables $ 1,686