v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company recognizes right-of-use assets and lease liabilities for leases with terms greater than 12 months. Leases are classified as either finance or operating leases. This classification dictates whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. As of June 30, 2026 and December 31, 2025, the Company has only operating leases.
Information related to right-of-use assets and lease liabilities follows:
Lease Assets/LiabilitiesBalance Sheet
Classification		June 30,December 31,
20262025
Right-of-use Assets
   Operating lease assetsOther assets$6,255 $1,628 
Total right-of-use assets$6,255 $1,628 
Lease Liabilities
   Operating lease liabilities, currentOther accrued liabilities$756 $648 
   Operating lease liabilities, noncurrentNoncurrent liabilities5,936 1,102 
Total lease liabilities$6,692 $1,750 
June 30,December 31,
Supplemental Lease Information20262025
Right-of-use assets obtained in exchange for new operating leases
$5,174 $— 
Weighted-average remaining lease term – operating leases
6.28 years2.20 years
Weighted average discount rate-operating leases
4.84 %4.99 %
The remaining lease payments under the Company’s leases follows:

Future Annual PaymentsOperating Leases
2026$366 
20271,084 
20281,411 
20291,648 
20301,662 
Remaining Years5,446 
Total lease payments11,617 
   Less: imputed interest(2,050)
   Less: lease incentive allowance(2,875)
Present value of lease liabilities$6,692 
Lease expense for the three months ended June 30, 2026 and 2025 totaled $426 and $357, respectively, of which $414 and $345, respectively, consist of operating lease costs. Lease expense for the six months ended June 30, 2026 and 2025 totaled $697 and $713, respectively, of which $673 and $690, respectively, consist of operating lease costs. The difference accounts for short-term lease costs.