Leases (Tables)

6 Months Ended

Jun. 30, 2026

The components of lease expense are as follows:

	Three months ended				Six months ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Operating lease expense	$	218	$	173	$	437	$	346

Finance lease cost
Amortization of right-to-use assets	$	2	$	2	$	5	$	5
Interest on lease liabilities	$	-	$	-	$	1	$	1
Total finance lease cost	$	2	$	2	$	6	$	6

Supplemental cash flow information related to leases are as follows:

Cash flow information:

	Six months ended
(in thousands)	June 30, 2026		June 30, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow use from operating leases	$	404	$	313
Operating cash flow use from finance leases	$	5	$	5
Financing cash flow use from finance leases	$	5	$	5

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 June 30, 2026:

Weighted average remaining lease term:
Operating leases		2.7 years
Finance Leases		0.5 year

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

Weighted average discount rates:
Operating leases	6.0	%
Finance Leases	6.2	%

Maturities of lease liabilities are as follows:

(in thousands) Year ending December 31,	Operating Leases			Finance Leases
2026 (excluding six months ended June 30, 2026)		410			5
2027		557			-
2028		182
2029		187
2030		193			-
Total lease payments	$	1,529		$	5
Less imputed interest		(193	)		-
Present value of lease liabilities	$	1,336		$	5