v3.26.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Disclosure
Additional balance sheet information related to the operating leases at December 31, 2025 are as follows:
(in thousands)20252024
ROU asset$1,552 $3,291 
Lease liabilities, current— 442 
Lease liabilities, non-current1,582 3,455 
Schedule of Lease Cost
The components of operating lease expense for the years ended December 31, 2025 and 2024 were as follows:
(in thousands)20252024
Operating lease cost (net of lease modification)$86 $645 
Short-term and variable lease cost163 32 
Supplemental cash flows information related to leases for the years ended December 31, 2025 and 2024 were as follows:
(in thousands)20252024
Cash paid for amounts included in the measurement of operating lease liabilities$819 $39 
ROU asset in exchange for lease liability$1,573 $3,696 
Weighted average remaining lease term7.5 years6.5 years
Weighted average discount rate6.42%6.52%
Schedule of Operating Lease, Liability, to be Paid, Maturity
Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows:
(in thousands)2025
2026(1)
$(2,068)
2027522 
2028714 
2029736 
2030759 
Thereafter1,998 
Total future minimum lease payments
2,661 
Less: imputed interest(1,089)
Total lease liabilities
$1,572 
(1)The Company expects to receive a tenant improvement allowance reimbursement of $2.2 million in 2026 which results in a negative lease commitment for 2026.