Leases (Tables)

9 Months Ended

Sep. 30, 2025

The components of lease expense are as follows:

	Three months ended				Nine months ended
(in thousands)	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Operating lease expense	$	173	$	173	$	519	$	519

Finance lease cost
Amortization of right-to-use assets	$	2	$	3	$	7	$	8
Interest on lease liabilities	$	-	$	-	$	1	$	1
Total finance lease cost	$	2	$	3	$	8	$	9

Cash flow information:

	Nine months ended
(in thousands)	September 30, 2025		September 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow use from operating leases	$	471	$	462
Operating cash flow use from finance leases	$	8	$	8
Financing cash flow use from finance leases	$	7	$	7

Non-cash activity:

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	-	$	-
Finance Leases	$	-	$	-

Weighted average remaining lease terms are as follows at September 30, 2025:

Weighted average remaining lease term:
Operating leases			1.3 years
Finance Leases			1.8 years

Below is information on the weighted average discount rates used at the time that the leases were evaluated:

Weighted average discount rates:
Operating leases	4.8	%
Finance Leases	6.2	%

Maturities of lease liabilities are as follows:

(in thousands) Year ending December 31,	Operating Leases			Finance Leases
2025 (excluding nine months ended September 30, 2025)		159			3
2026		643			11
2027		380			-
Total lease payments	$	1,182		$	14
Less imputed interest		(52	)		(1	)
Present value of lease liabilities	$	1,130		$	13