v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Balance Sheet classification of lease assets and related lease liabilities

The following table summarizes the balance sheet classification of the lease assets and related lease liabilities:

 

 

June 30, 2026

 

 

December 31, 2025

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

Long-term operating lease right-of-use assets

 

$

2,255

 

 

$

2,534

 

Liabilities:

 

 

 

 

 

 

Short-term operating lease liability

 

$

1,274

 

 

$

1,283

 

Long-term operating lease liability

 

 

851

 

 

 

1,138

 

Total Liabilities

 

$

2,125

 

 

$

2,421

 

Schedule of Minimum Future Rental Payments

Future minimum rental payments for office facilities and equipment under the Company’s noncancelable operating leases are as follows:

 

 

Amount as of
June 30, 2026

 

 

(in thousands)

 

2026 (for remainder of year)

 

$

750

 

2027

 

 

892

 

2028

 

 

410

 

2029

 

 

209

 

Total

 

$

2,261

 

Less: Imputed interest

 

 

(136

)

Present value of operating lease liabilities

 

$

2,125