v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Amounts Reported In The Balance Sheet In Respect Of Operating Lease Assets And Corresponding Liabilities

Amounts reported in the unaudited condensed consolidated balance sheet for leases where the Company is the lessee as of June 30, 2026 and December 31, 2025 were as follows (in thousands):

 

 

June 30,
2026

 

 

December 31,
2025

 

Assets:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

4,770

 

 

$

5,100

 

Total operating lease right-of-use assets

 

$

4,770

 

 

$

5,100

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease liabilities

 

$

735

 

 

$

693

 

Noncurrent:

 

 

 

 

 

 

Operating lease liabilities, net of current portion

 

 

4,561

 

 

 

4,943

 

Total operating lease liabilities

 

$

5,296

 

 

$

5,636

 

Schedule of Operating Lease Cost and Variable Lease Costs and Sub Lease Income

The following table summarizes operating lease costs for the six months ended June 30, 2026 and 2025 (in thousands):

 

 

June 30,

 

 

2026

 

 

2025

 

Fixed lease costs

 

$

546

 

 

$

530

 

Variable lease costs

 

 

270

 

 

 

386

 

Total lease costs

 

$

816

 

 

$

916

 

Schedule of Maturities of Operating Lease Liabilities Future minimum lease payments under non-cancelable lease agreement as of June 30, 2026 and a reconciliation to the carrying amount of the lease liabilities presented in the consolidated balance sheet are as follows (in thousands):

 

 

Minimum
Rental
Payments

 

2026

 

$

546

 

2027

 

 

1,124

 

2028

 

 

1,158

 

2029

 

 

1,193

 

Thereafter

 

 

2,495

 

Total minimum lease payments

 

 

6,516

 

Less imputed interest

 

 

(1,220

)

Total lease liability

 

$

5,296

 

Lease liability, current portion

 

 

735

 

Lease liability, net of current portion

 

 

4,561

 

Total

 

$

5,296