9. Commitments and Contingencies

Legal Matters

The Company from time to time is involved in legal matters incidental to the conduct of its business. In the opinion of management, there are no claims outstanding that would have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

Operating Lease

In the ordinary course of business, the Company enters into lease agreements with unaffiliated third parties for its facilities and office equipment. As of June 30, 2026, the Company had two active operating leases for an approximate combined 41,000 square feet of administrative, operational, engineering, and research and development space located in Carlsbad, California.

The first lease encompasses 16,000 square feet and commenced on May 1, 2021, and was originally set to expire on April 30, 2024. On December 4, 2023, the Company entered into a first amendment to the original lease agreement which resulted in the lease term extending to June 30, 2028.

On May 15, 2025, the Company entered into a second amendment to its original lease agreement, which modified the lease terms to lease an additional suite comprising an additional 7,300 square feet of space with an expiration date of June 30, 2028. The May 2025 lease was accounted for as a separate contract. This additional suite was terminated under the third amendment discussed below.

On April 10, 2026, the Company entered into a third amendment to its original lease agreement, which modified the lease terms to terminate certain previously leased office space, lease an additional suite comprising an additional 25,000 square feet of space with an expiration date of June 30, 2031, and extended the term of the first lease to June 30, 2031. The terminated leased office space was effective May 31, 2026 at which time the related lease liability and right-of-use asset were written off, with the difference of $0.1 million recorded as a gain on

termination. The additional suite added through the third amendment was accounted for as a separate contract which resulted in the recognition of a right-of-use asset of $3.4 million in exchange for lease liability. The extended term of the first lease to June 30, 2031 was accounted for as a modification. As such, the Company remeasured the lease liability and adjusted the carrying amount of the right of use asset by the amount of the remeasurement of the lease liability on the date of modification which resulted in the incremental recognition of a right-of-use asset of $1.6 million in exchange for lease liability.

Total lease expenses for the three months ended June 30, 2026 and 2025 were $0.3 million and $0.2 million, respectively. Total lease expenses for the six months ended June 30, 2026 and 2025 were $0.5 million and $0.3 million, respectively.

The Company’s real estate taxes, insurance costs, and common area maintenance, are included in monthly rent and not separately itemized. Rent expense is allocated to cost of sales, research and development, sales and marketing, and general and administrative expenses in the accompanying Condensed Statements of Operations and Comprehensive Loss.

The operating cash outflows included in the measurement of the operating lease liabilities was $0.4 million and $0.3 million for the six months ended June 30, 2026 and 2025, respectively.