v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Right-of-use Assets and Lease Liabilities for Operating Leases

Right-of-use assets and lease liabilities for operating leases as included in the Company’s financial statements are as follows (in thousands):

 

 

March 31,
2026

 

 

December 31, 2025

 

Operating lease right-of-use assets

 

$

288

 

 

$

387

 

Current operating lease liabilities

 

 

409

 

 

 

549

 

Noncurrent operating lease liabilities

 

 

—

 

 

 

—

 

Total lease liabilities

 

$

409

 

 

$

549

 
Schedule of Lease Expense for Operating Leases

Lease expense for operating leases, net of sublease receipts, as included in the Company’s financial statements are as follows (in thousands):

 

Three Months
Ended March 31,

 

 

2026

 

 

2025

 

Operating lease cost

$

43

 

 

$

51

 

Variable lease expense

 

43

 

 

 

45

 
Schedule of Lease Term, Discount Rates, and Additional Information for Operating Leases

Lease term, discount rates, and additional information for operating leases are as follows (in thousands):

 

 

As of March 31,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term - operating leases (years)

 

0.7

 

 

1.72

 

Weighted-average discount rate - operating leases

 

 

4.5

%

 

 

4.5

%

Cash paid for amounts included in the measurement of
  lease liabilities:

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

145

 

 

$

140

 
Schedule of Maturities of Lease Liabilities by Fiscal Year for Operating Leases

The aggregate maturities of the Company’s operating lease liabilities were as follows as of March 31, 2026 (in thousands):

Remaining in 2026

$

415

 

Total future minimum lease payments

 

415

 

Less: imputed interest

 

(6

)

Less: current portion

 

(409

)

Operating lease liability, net of current portion

$

—