v3.26.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Cost
The Company’s lease costs consisted of the following (in thousands):
Year Ended December 31,
 20252024
Operating lease cost$1,555 $1,315 
Variable lease cost704 801 
Total lease cost$2,259 $2,116 
The following table summarizes cash flow information related to the Company’s lease obligations (in thousands):
Year Ended December 31,
 20252024
Cash paid for operating lease liabilities$1,545 $2,279 
The following table summarizes the Company’s lease assets and liabilities (in thousands):
December 31,
 20252024
Operating lease right-of-use assets$238 $934 
Current operating lease liabilities$372 $1,682 
Non-current operating lease liabilities$— $1,017 
The following table summarizes other supplemental information related to the Company’s lease obligations:
December 31,
 20252024
Weighted-average remaining lease term (in years)0.701.70
Weighted-average discount rate6.75 %6.75 %
Schedule of Lease Income Related to the Operating Lease
The Lease is classified as an operating lease and revenue is recognized on a straight-line basis and is recorded within the consolidated statements of operations and comprehensive loss in the line item “Other rental income” as this is not a part of the Company’s core operations. Rental income related to the Lease was as follows (in thousands):
Year Ended December 31,
20252024
Rental income related to fixed lease income$8,968 $4,267 
Schedule of Future Fixed Contractual Lease Payments to be Received
Approximate future straight-lined contractual lease income to be recognized under the lease in effect as of December 31, 2025 is as follows (in thousands):
December 31, 2025
2026$8,968 
20278,968 
20288,968 
20298,968 
20308,968 
Thereafter76,974 
Total$121,814 
Schedule of Net Carrying Amount of the Liability Component of the Loan
The net carrying amount of the liability component of the 2024 Loan was as follows (in thousands):
December 31,
 20252024
Principal amount$85,600 $85,600 
Unamortized debt issuance cost(794)(1,413)
Net carrying amount$84,806 $84,187 
Schedule of Interest Expense Related to the Loan
The following table sets forth the interest expense recognized related to the 2024 Loan and Construction Loans (in thousands):
Year Ended December 31,
 20252024
Contractual interest expense$5,038 $7,997 
Amortization of debt issuance cost791 995 
Total interest expense related to the loans$5,829 $8,992