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| Leases | Note 6. Leases The Company leases office space under a non-cancellable operating lease. In January 2021, the Company commenced a lease in San Jose, California. The lease had an original expiration date in February 1, 2028. Due to an event of default under the lease occurring in October 2024, and the likelihood of the landlord executing its right to early terminate the lease as a result, the Company determined this represented a remeasurement event and remeasured the lease as of December 31, 2024. On February 26, 2025, the landlord executed its option to terminate the lease early on March 31, 2026. The components of operating lease expense were as follows:
Variable lease expense consists of the Company’s proportionate share of operating expenses, property taxes, and insurance. As of June 30, 2025, the weighted-average remaining lease term was 0.8 years and the weighted-average discount rate was 149.0%. As of June 30, 2025, the maturities of the Company’s operating lease liabilities were as follows:
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