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

OPERATING LEASE OBLIGATIONS (Tables)

v3.26.1
OPERATING LEASE OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2025
OPERATING LEASE OBLIGATIONS  
Schedule of rent expense and quantitative information

The Company recorded rent expense as follows (dollars in thousands):

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For the Years Ended December 31, 

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  ​ ​ ​

2025

  ​ ​ ​

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2024

Operating lease cost

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$

99

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$

98

Variable lease cost

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7

​

​

5

Total lease cost

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$

106

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$

103

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The following table summarizes quantitative information about the Company’s operating leases (dollars in thousands):

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For the Years Ended December 31, 

 

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  ​ ​ ​

2025

  ​ ​ ​

2024

 

Cash paid for amounts included in the measurement of lease liabilities

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$

94

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$

102

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Weighted-average remaining lease term - operating leases

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1.2

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2.2

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Weighted-average discount rate - operating leases

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7.35

%  

 

7.35

%

Schedule of operating lease liability

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For the year ended December 31,

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($’s in thousands)

2026

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$

105

2027

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18

Total lease payments

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123

Less: present value discount

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(4)

Total operating lease liabilities

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$

119

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