v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating and Finance Leases Discount Rate

The Company’s weighted-average remaining lease term and weighted-average discount rate for operating and finance leases as of June 30, 2026 and December 31, 2025 are:

 

 

June 30, 2026

 

December 31, 2025

 

 

 

Operating

 

Finance

 

Operating

 

 

Finance

 

Weighted-average remaining lease term (years)

 

3.66

 

12.42

 

3.62

 

 

12.92

 

Weighted-average discount rate (percentage)

 

15.06%

 

7.72%

 

 

9.45

%

 

 

7.72

%

Schedule of Undiscounted Future Minimum Lease Payments

The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the condensed consolidated balance sheets as of June 30, 2026 (in thousands):

 

Operating

 

 

Finance

 

2026 - remaining

 

$

423

 

 

$

201

 

2027

 

 

613

 

 

 

401

 

2028

 

 

627

 

 

 

401

 

2029

 

 

642

 

 

 

401

 

2030

 

 

210

 

 

 

401

 

Thereafter

 

 

 

 

 

3,180

 

Undiscounted future minimum lease payments

 

 

2,515

 

 

 

4,985

 

Less: Amount representing interest payments

 

 

(583

)

 

 

(1,785

)

Total lease liabilities

 

 

1,932

 

 

 

3,200

 

Less current portion

 

 

(481

)

 

 

(160

)

Noncurrent lease liabilities

 

$

1,451

 

 

$

3,040

 

Schedule of Components of Lease Expense

The components of lease expense were as follows for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

For The Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

246

 

 

$

268

 

 

$

547

 

 

$

536

 

Operating lease - cash payments

 

 

243

 

 

 

263

 

 

 

523

 

 

 

476

 

Finance lease cost - right-of-use asset amortization

 

 

22

 

 

 

22

 

 

 

43

 

 

 

43

 

Finance lease cost - interest expense

 

 

62

 

 

 

65

 

 

 

125

 

 

 

130

 

Finance lease - cash payments

 

 

100

 

 

 

100

 

 

 

201

 

 

 

201