Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies

Schedule of Additional Details of Office Space Lease

The table below provides additional details of the office space and vehicle leases presented in the unaudited condensed consolidated balance sheet as of March 31, 2026, and December 31, 2025:


		March 31,					December 31,
		2026					2025
(in thousands)		(unaudited)
Operating lease - right-of-use asset - office space		$		1,038			$		954
Operating lease - right-of-use asset - vehicles				41					46
Total		$		1,079			$		1,000

Operating lease liability, current		$		261			$		192
Operating lease liability, net of the current portion				898					892
Total		$		1,159			$		1,084

Weighted-average remaining life (years)				3.93					4.48
Weighted-average discount rate				23.36	%				24.48	%

Schedule of Undiscounted Cash Payment Obligations

The following table summarizes the undiscounted cash payment obligations for operating lease liability as of March 31, 2026 and December 31, 2025.


		March 31,					December 31,
		2026					2025
(in thousands)		(unaudited)
2026				471					408
2027				421					375
2028				382					379
2029				394					391
2030				166					266
Total undiscounted operating lease payments				1,834					1,819
Imputed interest expenses				(675	)				(735	)
Total operating lease liability				1,159					1,084
Operating lease liability, current				(261	)				(192	)
Operating lease liability, net of current portion		$		898			$		892

Schedule of Summarized Income Statement Information Using Equity Method

The summarized income statement information for the three months ended March 31, 2026, of Magdalena is as follows:


		March 31,
		2026
(in thousands)		(unaudited)
Revenue		$		—
Operating expenses				(23	)
Loss before income tax				(23	)
Income tax expense				—
Net loss		$		(23	)
Net loss attributable to the Company		$		(9	)