We had operating leases with terms greater than 12 months for office space in four multi-tenant facilities, which are recorded as operating lease right-of-use assets and operating lease liabilities within the condensed consolidated balance sheets.

For the three months ended March 31, 2026 and 2025, the Company’s lease cost consists of the following components, each of which is included in general and administrative expenses within the condensed consolidated statements of operations:


	Three Months Ended March 31,
	2026		2025
Operating lease cost	$	60	$	62
Short-term lease cost (1)	—		—
Total lease cost	$	60	$	62

(1) Short-term lease cost includes any lease with a term of less than 12 months.

The table below presents the future minimum lease payments to be made under operating leases in each of the remainder of the current and next four fiscal years and thereafter:


As of March 31, 2026

2026 (remainder)	$	152
2027	167
2028	79



Total	398
Less: discount	25
Total lease liabilities	$	373

The weighted average remaining lease term at March 31, 2026 for the operating leases is 2.0 years, and the weighted average discount rate used in calculating the operating lease asset and liability is 3.31%. Cash paid for amounts included in the measurement of lease liabilities was $54 and $60 for the three months ended March 31, 2026 and 2025, respectively. For the three months ended March 31, 2026 and 2025, payments on lease obligations were $63 and $68, respectively, and amortization on the right of use assets was $60 and $62, respectively.