v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Additional Details of Leases
The following table provides additional details of our facility leases presented in our condensed balance sheets:
($ in thousands)
FacilitiesJune 30, 2026December 31, 2025
Right-of-use assets$4,065$4,795
Current portion of lease liabilities$1,545$1,479
Operating lease liability, net of current portion2,8223,641
Total lease liabilities$4,367$5,120
Weighted-average remaining term (in years)2.73.1
Weighted-average discount rate5.6 %5.6 %
Schedule of Lease Costs
The following table presents the lease costs, which are included in our condensed statements of operations and comprehensive loss, and the supplemental cash flow information related to the leases:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2026202520262025
Operating lease expense$432 $393 $864 $1,370 
Cash paid for operating leases$446 $340 $888 $1,387 
Schedule of Undiscounted Cash Payment Obligations for Operating Lease Liabilities
The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of June 30, 2026:
(in thousands)
Operating Leases
Remainder of 2026$897 
20271,836 
20281,402 
2029575 
Thereafter— 
Total undiscounted operating lease payments4,710 
Imputed interest expenses(343)
Total operating lease liabilities4,367 
Less: Current portion of operating lease liability(1,545)
Operating lease liability, net of current portion$2,822