v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company has operating leases for office space and determines if an arrangement is a lease at contract inception. Lease assets and lease liabilities are recognized based on the present value of lease payments over the lease term at the commencement date. The Company does not separate lease and non-lease components. Leases with a term of 12 months or less at commencement are not recorded on the unaudited condensed consolidated balance sheets. Lease expense for these arrangements is recognized on straight-line bases over the lease term. The Company’s leases have remaining lease terms of less than one year and up to approximately three years, and some which include options to terminate the leases within one year. In March 2026, we entered into a lease related to our corporate headquarters to provide us with additional office space, which commenced in June 2026.
The components of operating lease expense were as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2026202520262025
Operating lease cost165 289 321 407 
Short-term lease cost51 48 68 95 
Variable lease cost— 26 — 26 
Less: sublease income— (39)(26)(78)
Total lease costs$216 $324 $363 $450 
Supplemental cash flow information related to leases was as follows (in thousands):
Six months ended June 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$315 $465 
Operating cash flows from short-term leases68 95 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$460 $1,115 
Supplemental balance sheet information related to operating leases was as follows (in thousands, except weighted average remaining lease term and weighted average discount rate):
June 30,
2026		December 31,
2025
Operating lease right-of-use assets$1,667 $1,212 
Current portion of operating lease liabilities$626 $419 
Operating lease liabilities, less current portion870 859 
Total operating lease liabilities$1,496 $1,278 
Weighted average remaining lease term2.23.0
Weighted average discount rate14.3%13.0%
Maturities on lease liabilities were as follows (in thousands):
Year Ended December 31,
2026 (excluding the six months ended June 30, 2026)$392 
2027809 
2028501 
202941 
Total lease payments1,743 
Less: future interest expense(247)
Lease liabilities$1,496