v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense and Other Information The components of lease expense and other information for three months ended March 31, 2026 and 2025 were as follows.

 

 

 

Three Months Ended March 31,

 

 

 

 

2026

 

 

2025

 

 

 

 

(in thousands)

 

 

Operating lease costs

 

$

36

 

 

$

82

 

 

Variable lease costs

 

 

13

 

 

 

36

 

 

Short-term lease costs

 

 

1

 

 

 

10

 

 

    Total lease costs

 

 

50

 

 

 

128

 

 

Other information:

 

 

 

 

 

 

 

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

 

$

50

 

 

$

118

 

 

Schedule of Future Minimum Rental Payments under Operating Leases

The following represents the Company’s minimum annual rental payments under operating leases for each of the next five years and thereafter:

 

Fiscal Year Ending December 31,

 

Operating

 

 

 

(in thousands)

 

 2026 (remaining)

 

 

115

 

 2027

 

 

145

 

 2028

 

 

63

 

 2029

 

 

 

Thereafter

 

 

 

Total future minimum lease payments

 

 

323

 

Less: imputed interest

 

 

(28

)

Present value of operating lease liability

 

$

295

 

 

 

 

Current portion of lease liability

 

 

143

 

Non-current portion of lease liability

 

 

152

 

Present value of operating lease liability

 

$

295