v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Components of Lease Cost

The components of lease cost for the three months ended March 31, 2026 and 2025, were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Operating lease cost

 

$

106

 

 

$

118

 

Variable lease cost

 

 

20

 

 

 

17

 

Short-term lease cost

 

 

25

 

 

 

 

Total lease cost

 

$

151

 

 

$

135

 

Schedule of Amounts Reported in Consolidated Balance Sheets for Leases

Amounts reported in the balance sheet for leases where the Company is the lessee as of March 31, 2026, and December 31, 2025, were as follows:

 

Operating Leases (in thousands, except lease term and discount rate data):

 

March 31,
2026

 

 

December 31,
2025

 

Right-of-use assets, operating leases

 

$

283

 

 

$

801

 

 

 

 

 

 

 

Operating lease liabilities, current

 

$

293

 

 

$

403

 

Operating lease liabilities, non-current

 

 

 

 

 

435

 

Total operating lease liabilities

 

$

293

 

 

$

838

 

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

0.92

 

 

 

2.76

 

Weighted-average discount rate

 

 

13.70

%

 

 

13.70

%

Summary of Other Information Related to Leases

Other information related to leases for the three months ended March 31, 2026 and 2025, respectively, were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Net cash paid for amounts included in the measurement of lease liabilities

 

$

109

 

 

$

203

 

Leased assets (derecognized) in exchange for new or modified operating lease liabilities

 

 

(432

)

 

 

(84

)

Schedule of Minimum Lease Payments, Net of Reimbursements, under Operating Leases

Future minimum lease payments, net of reimbursements, remaining as of March 31, 2026, under operating leases by fiscal year were as follows:

 

Fiscal year

 

(in thousands)

 

2026

 

 

253

 

2027

 

 

56

 

2028

 

 

 

2029

 

 

 

Thereafter

 

 

 

Total lease payments

 

$

309

 

Less: Present Value Adjustment

 

 

(16

)

Present value of lease payments

 

$

293