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The Company’s financing lease liabilities consist of the following:

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The Company has lease arrangements for certain vehicles. These leases typically have original terms not exceeding four years and contain residual value purchase options, which are reasonably certain of exercising. As of September 30, 2026 and December 31, 2025, the Company had $2.4 million and $2.0 million, respectively, of leased vehicles included in capital assets, rolling stock (net).

For the nine months ended September 30, 2026 and 2025, lease principal payments totaled $0.4 million and $0.4 million, respectively, and lease interest payments totaled $0.2 million and $0.2 million, respectively, for a combined lease payment total of $0.6 million and $0.6 million, respectively.

For the nine months ended September 30, 2026 and 2025, the Company recorded depreciation of $0.6 million and $0.5 million and total expense reflected in the consolidated statement of operations was $0.8 million and $0.7 million, respectively.

The weighted average discount rate of the leases is 14.0 percent, and the weighted average remaining life was 2.7 years as of September 30, 2026.

Lease liability maturities including residuals as of September 30, 2026 were as follows:

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