v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Components of Lease Cost Components of lease cost for the three and six months ended June 30, 2026 and 2025, respectively, were as follows (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

239

 

 

$

239

 

 

$

478

 

 

$

478

 

Short-term lease cost

 

 

22

 

 

 

22

 

 

 

45

 

 

 

45

 

Variable lease cost

 

 

39

 

 

 

35

 

 

 

79

 

 

 

67

 

Total lease cost

 

$

300

 

 

$

296

 

 

$

602

 

 

$

590

 

 

Schedule of Lease Liabilities with Weighted Average Remaining Term and Weighted Average Discount Rate

Maturities of lease liabilities, weighted-average remaining term and weighted-average discount rate were as follows (in thousands):

Year ending December 31,

 

 

 

2026 (remaining six months)

 

$

455

 

2027

 

 

927

 

2028

 

 

955

 

2029

 

 

983

 

2030

 

 

1,013

 

Thereafter

 

 

3,035

 

Total minimum lease payments

 

 

7,368

 

Less: amount representing interest

 

 

(1,786

)

Present value of lease liabilities

 

 

5,582

 

Less: current portion of lease liabilities

 

 

(504

)

Lease liabilities, noncurrent

 

$

5,078

 

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term (years) - operating leases

 

 

7.4

 

 

 

7.9

 

Weighted-average incremental borrowing rate - operating leases

 

 

8.07

%

 

 

8.07

%