7. RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES

The Company has operating leases for its corporate offices, including its Palo Alto, California lease agreement which was extended by an amendment in December 2025 and now expires on April 30, 2027, and a warehouse lease agreement in Guilford, Connecticut which was extended by six months in June 2025 and was set to expire on August 31, 2026. In May 2026, the Company entered into an amended and restated lease agreement for its Guilford, Connecticut facility, effective September 1, 2026, following the expiration of the existing Guilford warehouse lease. The amended and restated lease now includes the additional office and lab space previously occupied under a short-term arrangement and extends the term through August 31, 2028, including an option to renew for an additional two-year period, and will consolidate the Company’s Guilford operations under a single lease agreement. As of June 30, 2026 and December 31, 2025, the balance of operating lease ROU assets of $178 and $316, respectively, current lease liabilities of $178 and $248, respectively, and non-current lease liabilities of nil and $66, respectively, are included in the Company's condensed consolidated balance sheets in other long term assets, accrued expenses, other current liabilities and other noncurrent liabilities, respectively.

The weighted-average remaining lease term associated with the measurement of the Company's operating lease obligations is 10 months and an annual weighted-average discount rate is 10.0%.

Future minimum commitments due under the lease agreements as of June 30, 2026 are $112 for 2026 and $66 thereafter.