v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Expense

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

410

 

 

$

86

 

 

$

747

 

 

$

152

 

Total lease cost

 

$

410

 

 

$

86

 

 

$

747

 

 

$

152

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use asset obtained in exchange for new operating lease liabilities

 

$

1,504

 

 

$

 

 

$

2,295

 

 

$

859

 

Cash paid for amounts included in the measurement of lease liabilities, included in operating cash flows

 

$

345

 

 

$

86

 

 

$

654

 

 

$

161

 

Weighted-average remaining lease term (years)

 

 

4.69

 

 

 

3.71

 

 

 

4.69

 

 

 

3.71

 

Weighted-average discount rate

 

 

6.90

%

 

 

6.85

%

 

 

6.90

%

 

 

6.85

%

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2026 were as follows (in thousands):

 

2026

 

 

664

 

2027

 

 

1,434

 

2028

 

 

1,470

 

2029

 

 

1,403

 

2030

 

 

1,329

 

Thereafter

 

 

562

 

Total lease payment

 

 

6,862

 

Less: amount representing imputed interest

 

 

(1,043

)

Total future minimum lease obligations

 

$

5,819