Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies

Schedule of quantitative information about the company's operating leases

The following summarizes quantitative information about the Company’s operating leases (in thousands):


		For the year ended
		December 31, 2025
		U.K			U.S			Total
Lease cost
Operating lease cost		$	646		$	211		$	857
Short-term lease cost			230			287			517
Variable lease cost			183			11			194
Sub-lease income through October 24, 2025			(118)			—			(118)
Total		$	941		$	509		$	1,450

Other information
Operating cash flows from operating leases		$	(651)		$	(233)		$	(884)
Weighted-average remaining lease term – operating leases			6.5			0.7
Weighted-average discount rate – operating leases			12	%		12	%


		For the year ended
		December 31, 2024
		U.K			U.S			Total
Lease cost
Operating lease cost		$	627		$	244		$	871
Short-term lease cost			52			—			52
Variable lease cost			—			24			24
Sub-lease income			(145)			—			(145)
Total		$	534		$	268		$	802

Other information
Right of use assets exchanged for new operating lease liabilities		$	—		$	364		$	364
Operating cash flows from operating leases		$	(665)		$	(205)		$	(870)
Weighted-average remaining lease term – operating leases			7.0			1.3
Weighted-average discount rate – operating leases			12	%		12	%

Schedule of maturities of our operating leases, excluding short-term leases and sublease agreement


Year ended December 31, 2026		$	916
Year ended December 31, 2027			700
Year ended December 31, 2028			700
Year ended December 31, 2029			700
Year ended December 31, 2030			700
Thereafter			5,576
Total			9,292
Less present value discount			(4,507)
Operating lease liabilities included in the Consolidated Balance Sheet at December 31, 2025		$	4,785