Annual report [Section 13 and 15(d), not S-K Item 405]

Operating Right-of-Use Asset and Operating Lease Liability (Tables)

v3.25.4
Operating Right-of-Use Asset and Operating Lease Liability (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
December 31,
2025		 December 31, 2024
Operating leases:
Operating right-of-use asset $ 3,107  $ 2,831 
Operating lease liability, current 652  682 
Operating lease liability, long-term 2,655  2,336 
Summary of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
Year Ended December 31,
2025 2024
Lease cost:
Short-term lease cost
 $ 338  $ 404 
Operating lease cost - Selling, general and administrative
 849  584 
Operating lease cost - Cost of revenue (1)
 274  717 
Total $ 1,461  $ 1,705 
(1) Operating lease costs related to aircraft leases that are embedded within CPAs.

Other information related to leases is presented below:
December 31, 2025
Weighted-average discount rate – operating lease
 7.70  %
Weighted-average remaining lease term – operating lease (in years)
 4.9
Year Ended December 31,
2025 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases $ 897  $ 820 
Summary of Expected Annual Minimum Lease Payments
As of December 31, 2025, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31
2026 $ 880 
2027 864 
2028 677 
2029 578 
2030 595 
Thereafter 392 
Total future minimum lease payments, undiscounted
 3,986 
Less: Imputed interest for leases in excess of one year
 (679)
Present value of future minimum lease payments
 $ 3,307