Leases (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Maturities of Lease Liabilities

The following table presents the maturities and balance sheet information of the Company’s lease liabilities as of June 30, 2026 (in thousands, except lease term and discount rate):


	June 30, 2026
	Operating Leases			Finance Leases
2026	$	189		$	528
2027		57			616
2028		—			—
2029		—			—
2030		—			—
Thereafter		—			—
Total lease payments		246			1,144
Less: imputed interest		(2	)		(55	)
Total lease liabilities	$	244		$	1,089

Lease liabilities: current (i)	$	244		$	1,002
Lease liabilities: non-current (ii)		—			87
Total lease liabilities	$	244		$	1,089

Weighted average remaining lease term (in years)		0.7			1.1
Weighted average discount rate		3.7	%		8.5	%

(i)

Current lease liabilities are presented within accrued expenses and other current liabilities on the condensed consolidated balance sheets.

(ii)

Non-current lease liabilities are presented within other non-current liabilities on the condensed consolidated balance sheets.

Components of Lease Costs

The following table presents the components of lease costs for the three months and six months ended June 30, 2026 and 2025 (in thousands):


	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2026			2025		2026		2025
Operating lease cost	$	136		$	286	$	363		578
Variable lease cost and other, net (i)		(40	)		135		78		247
Short-term lease cost		30			—		30		—
Finance lease cost:
Amortization of right-of-use assets		239			261		478		523
Interest		27			50		58		105
Total lease costs	$	392		$	732	$	1,007	$	1,453

(i)

The variable lease cost and other, net is comprised primarily of common area maintenance charges or refunds for the operating lease, which are dependent on usage. These costs are classified as operating lease expense due to the election to not separate lease and non-lease components. These costs were not included within the measurement of the Company’s operating lease right-of-use assets and operating lease liabilities.

Supplemental Cash Flow Disclosures for Cash Paid for Leases

The following table presents the supplemental cash flow disclosures for cash paid for leases for the six months ended June 30, 2026 and 2025 (in thousands):


	Six Months Ended
	June 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	519	$	648
Operating cash flows from finance leases	$	73	$	128
Financing cash flows from finance leases	$	543	$	544
Right-of-use asset acquired under leases
Operating leases	$	168	$	—