v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Total Lease Expense

The following table summarizes total lease expense during the three months ended March 31, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Straight-line operating lease expense

 

$

 

301

 

 

$

 

288

 

Variable lease expense

 

 

 

108

 

 

 

 

93

 

Total operating lease expense

 

$

 

409

 

 

$

 

381

 

Summary of Supplemental Cash Flow Information

The following table summarizes supplemental cash flow information during the three months ended March 31, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Cash paid for amounts included in measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

 

313

 

 

$

 

309

 

Supplemental noncash information on lease liability arising from obtaining a right-use-asset

 

$

 

55

 

 

$

 

 

Summary of Future Minimum Lease Payments

The following table summarizes the Company’s future minimum lease payments and reconciliation of lease liabilities as of March 31, 2026 (in thousands):

 

Years Ending

 

 

 

 

2026 (from April 2026)

 

$

 

915

 

2027

 

 

 

69

 

Total future minimum lease payments

 

 

 

984

 

Less: Interest

 

 

 

(28

)

Total lease liabilities at present value

 

 

 

956

 

Lease liabilities, current

 

 

 

956

 

Lease liabilities, non-current

 

$

 

 

Summary of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate as of March 31, 2026 and 2025:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term (years)

 

 

0.80

 

 

 

1.04

 

Weighted-average discount rate

 

 

9.00

%

 

 

9.00

%