Leases |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| LEASES |
Operating Lease
We have a single lease for our headquarters, which includes office space in Westlake Village, California. The lease commenced in September 2021 and was set to expire in August 2024. In August 2024, we signed an amendment to the lease agreement for the same office space with a new expiration set to be in August 2027. Monthly payments under the amended lease range from $4.11 thousand to $4.40 thousand.
The aggregate minimum annual lease payments under the operating leases in effect as of December 31, 2025 were:
The lease had a remaining term of 1.7 years and 2.7 years as of December 31, 2025 and 2024, respectively. The lease liability was calculated based on a weighted-average discount rate of 9% as of December 31, 2025 and 2024. During the years ended December 31, 2025 and 2024, we made cash payments for amounts included in the measurement of lease liabilities of $49.92 thousand and $42.19 thousand, respectively. |
||||||||||||||||||||||||||||||||||||||||||||||||