The Company is obligated under operating leases for certain real estate and office equipment assets. The Company’s finance leases are not material. Certain leases contained predetermined fixed escalation of minimum rents at rates ranging from 2.5% to 10.0% per annum and remaining lease terms of up to ten years, some of which include renewal options that could extend certain leases to up to an additional five years.


	March 31, 2026		March 31, 2025
Weighted average remaining lease term (years)	6.97		7.93
Weighted average discount rate	14.66	%	13.58	%


	Three Months Ended March 31,
		2026		2025



Operating lease expense		$	504	$	677
Variable lease expense		78		95
Short-term lease expense		15		—
Lease expense		$	597	$	772

	Three Months Ended March 31,
		2026		2025
Sublease income (1)		$	118	$	27

(1) As of March 31, 2026 and March 31, 2025, the Company has subleased three and three of its real estate leases, respectively.

The following table presents supplemental cash flow and non-cash information related to leases:


	Three Months Ended March 31,
		2026		2025
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from leases		$	532	$	605
Right-of-use assets obtained in exchange for lease obligations - non-cash activity		$	—	$	—

As of March 31, 2026, the future annual minimum lease payments for operating leases are as follows:


Remainder of 2026	$	1,638
2027	1,556
2028	1,523
2029	1,553
2030	1,773
Thereafter	4,219
Total future minimum lease payments	$	12,262
Less: amounts related to imputed interest	4,754
Present value of future minimum lease payments	7,508
Less: current portion of long-term lease liability	1,013
Long-term lease liability	$	6,495