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Note 5 - Other Non-current Assets

12 Months Ended

Dec. 31, 2025

Investments and Other Noncurrent Assets [Text Block]

5. OTHER NON-CURRENT ASSETS

Other non-current assets were as follows (in thousands):

	*December 31,*
	*2025*		*2024*
Unbilled accounts receivable (1)	$	8,719	$	8,983
Costs capitalized to obtain revenue contracts (2)		3,395		2,385
Contract assets (2)		—		617
Net investments in sales-type leases (3)		7,588		13,226
Other		1,447		4,302
Total other non-current assets	$	21,149	$	29,513

(1)

See “Accounts Receivable” section of Note 1, “Description of Business and Summary of Significant Accounting Policies.”

(2)

See Note 2, “Revenue from Contracts with Customers.”

(3)

The Company had net investments in sales-type leases for its DirectScan system and CV system assets. The following table summarizes the components of the net investments in sales-type leases in the Consolidated Balance Sheets (in thousands):

	*December 31,*
	*2025*		*2024*
Present value of lease receivables	$	10,890	$	13,238
Less: Contract liability		—		(3,235	)
Net lease receivables		10,890		10,003
Unguaranteed residual assets		10,946		7,749
Total net investments in sales-type leases	$	21,836	$	17,752
Reported as:
Current (included in Prepaid expenses and other current assets)	$	14,248	$	4,526
Non-current (included in Other non-current assets)		7,588		13,226
Total net investments in sales-type leases	$	21,836	$	17,752

Maturities of leases payments under sales-type leases as of December 31, 2025 were as follows (in thousands):

Year Ending December 31,	*Amount*
2026	$	8,802
2027		2,100
2028		10
2029		10
2030 and thereafter		36
Total future sales-type lease payments		10,958
Less: Implied interest (1)		(68	)
Present value of lease receivables	$	10,890

(1)

Calculated using the rate implicit in the lease determined for each lease.

There was no allowance for credit losses on lease receivables as of December 31, 2025 and 2024. The Company’s ongoing risk management strategy for residual assets includes performing regular reviews of estimated residual values.