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

Leases (Tables)

12 Months Ended

Dec. 31, 2025

The components of lease expense were as follows:


	Year Ended December 31,
	2025		2024
	(in thousands)
Operating lease cost	$	35	$	83
Finance lease cost:
Amortization of right-of-use assets	63		37
Interest on lease obligations	36		24
Short-term lease cost	630		723

Total lease expense	$	764	$	867

As of December 31, 2025, the maturities of lease liabilities under non-cancelable operating and finance leases were as follows:


	Operating Leases		Finance Leases
	(in thousands)		(in thousands)
2026	$	35	$	86
2027	26		86
2028	—		86
2029	—		29

Total minimum lease payments	61		287
Less: imputed interest	(4)		(51)
Total	$	57	$	236