Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of the Components of Lease Costs
The components of lease costs for the three and nine months ended September 30, 2026 and 2025 are as follows (in thousands):
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2026 2025 2026 2025
Operating lease cost $ 430  $ 488  $ 1,368  $ 1,504 
Variable lease cost 112  123  366  383 
Total lease cost $ 542  $ 611  $ 1,734  $ 1,887 
Expense related to short-term leases, which are not recorded on the Company’s consolidated balance sheets, for the three and nine months ended September 30, 2026 was $0.3 million and $0.9 million compared to $0.2 million and $0.6 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):
Nine Months Ended
September 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 $ 1,424  $ 1,553 
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 $ 445  $ 344 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
As of September 30,
2026 2025
Years
Years
Weighted average remaining lease term: 3.7 4.7
Rate Rate
Weighted average discount rate: 7.8% 7.6%
Schedule of Future Maturities of Lease Liabilities
Future maturities of lease liabilities as of September 30, 2026 are as follows (in thousands):
Operating
Leases
2026 $ 487 
2027 1,851 
2028 1,717 
2029 1,396 
2030 818 
2031 and thereafter
 273 
Total undiscounted lease payments 6,542 
Less: Imputed interest (2,351)
Total lease liabilities $ 4,191 
Schedule of Leases Revenues
The components of the Company’s lease revenues consisted of the following (in thousands ) for the three and nine months ended September 30, 2026 and 2025:
Three Months Ended September 30,
Nine Months Ended September 30,
2026 2025 2026 2025
Net operating lease revenue $ 8,150  $ 7,443  $ 23,238  $ 22,825 
Sales-type lease revenue 127  83  394  270 
Total lease revenue $ 8,277  $ 7,526  $ 23,632  $ 23,095 
Schedule of Net Investment in Sales-Type Leases
The components of our net investment in sales-type leases as of September 30, 2026 and December 31, 2025 were (in thousands):
September 30,
2026		 December 31,
2025
Lease receivable $ 1,579  $ 1,905 
Net investment in leases $ 1,579  $ 1,905 
Our net investment in sales-type leases is classified as follows in the accompanying condensed consolidated balance sheets as of September 30, 2026 and December 31, 2025 were (in thousands):
September 30,
2026		 December 31,
2025
Accounts receivable, net $ 535  $ 563 
Other assets 1,044  1,342 
Total $ 1,579  $ 1,905 
Schedule of Future Maturities of Sales-Type Leases
Future maturities of sales-type leases as of September 30, 2026 are as follows (in thousands):
Sales-Type Leases
2026 $ 198 
2027 703 
2028 609 
2029 425 
2030 — 
Thereafter — 
Total undiscounted lease payments 1,935 
Less: Imputed interest (356)
Total lease receivables $ 1,579