v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows for the years ended December 31, 2025 and 2024 (in thousands):

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Operating lease expense

 

$

534

 

 

$

308

 

Short-term lease expense

 

 

 

 

 

119

 

Variable lease expense

 

 

27

 

 

 

 

Total lease expense

 

$

561

 

 

$

427

 

Summary of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases as of December 31, 2025 and 2024 was as follows (in thousands):

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Operating lease right-of-use assets

 

$

2,151

 

 

$

2,298

 

Operating lease liability, current

 

 

730

 

 

 

487

 

Operating lease liability, noncurrent

 

 

2,839

 

 

 

3,216

 

Total operating lease liability

 

$

3,569

 

 

$

3,703

 

Weighted average remaining lease term (in years)

 

 

6.3

 

 

7.3

 

Weighted average discount rate

 

 

9.6

 %

 

 

9.6

 %

Summary of Other Information Related to Leases

Other information related to leases for the years ended December 31, 2025 and 2024 was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

520

 

 

$

61

 

Summary of Future Minimum Commitments Under operating Leases

As of December 31, 2025, future minimum commitments under operating leases were as follows (in thousands)(1):

 

Year Ending December 31,

 

As of December 31, 2025

 

2026

 

$

730

 

2027

 

 

730

 

2028

 

 

764

 

2029

 

 

775

 

2030

 

 

775

 

Thereafter

 

 

968

 

Total future lease payments

 

$

4,742

 

Less: imputed interest

 

 

(1,173

)

Present value of lease payments

 

$

3,569

 

(1) The table excludes approximately $2.6 million of minimum lease payments for the additional leased space for which a contract has been signed, but has not yet commenced.