As of June 30, 2025, the Company leases office space in Dallas, TX and Sacramento, CA. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these short-term leases on a straight-line basis.

Some leases include one or more options to renew, with renewal terms that can extend the lease term from one to five years. The exercise of lease renewal options is at the Company’s sole discretion. In January 2024, the Company exercised its option to renew the facility lease in American Falls, Idaho for one year through December 31, 2024. The lease renewal resulted in recognition of additional right-of-use asset and lease liability of $86,000 on the condensed consolidated balance sheet. The Company subsequently terminated the facility lease in American Falls, Idaho effective July 2024.

The Company’s lease agreements do not contain any material variable lease payments, material residual value guarantees or material restrictive covenants. Leases consisted of the following (in thousands):


Leases	Classification	June 30, 2025		December 31, 2024
Assets
Operating lease assets	Right of use asset	$	10	$	137
Total leased assets		$	10	$	137
Liabilities
Current - Operating	Operating lease liability- current	$	11	$	155
Total leased liabilities		$	11	$	155


Lease Cost	Classification	Three Months Ended June 30, 2025		Three Months Ended June 30, 2024			Six Months Ended June 30, 2025			Six Months Ended June 30, 2024
Operating lease cost	SG&A Expenses	$	10	$	242		$	129		$	507
Short term lease cost	SG&A Expenses		1		3			4		$	6
Sublease income (1)	SG&A Expenses		—		(141	)		(143	)		(262	)
Net lease (income) cost		$	11	$	104		$	(10	)	$	251

(1)

Sublease income is recorded as a reduction to lease expense.


Lease Term and Discount Rate	June 30, 2025			December 31, 2024
Weighted-average remaining lease term (years)		0.5			0.6
Weighted-average discount rate		6.5	%		6.5	%