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

The components of lease expense were as follows (in thousands):

 

 

 

For the Three Months
Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Operating lease cost(a)

 

$

98

 

 

$

98

 

(a) Includes variable operating lease expenses, which are immaterial

 

Schedule of Other Supplemental Cash Flow Information Related to Leases

Other supplemental cash flow information related to leases were as follows (in thousands):

 

 

 

For the Three Months
Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

100

 

 

$

97

 

Schedule of Other Supplemental Balance Sheet Information Related to Operating Leases

Other supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):

 

 

 

March 31,
2026

 

 

December 31,
2025

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

530

 

 

$

613

 

 

 

 

 

 

 

Operating lease liabilities (current)

 

 

(369

)

 

 

(358

)

Operating lease liabilities (non-current)

 

 

(186

)

 

 

(283

)

Total lease obligations under operating leases

 

$

(555

)

 

$

(641

)

 

 

 

 

 

 

Weighted-average remaining lease term (in years)

 

 

1.5

 

 

 

1.7

 

Weighted-average discount rate

 

 

9.43

%

 

 

9.44

%

Schedule of Future Minimum Payments Under Noncancelable Operating Leases

As of March 31, 2026, future minimum payments under non-cancelable operating leases, were are as follows (in thousands):

 

 

 

March 31,

 

 

 

2026

 

 

 

 

 

2026 (remainder of)

 

$

303

 

2027

 

 

294

 

Total minimum lease payments

 

 

597

 

Less imputed interest

 

 

(42

)

Present value of lease liabilities

 

 

555

 

Less current portion of operating lease liabilities

 

 

369

 

Non-current operating lease liabilities

 

$

186