v3.26.1
COMMITMENTS & CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Cost
The components of total lease expense for the Company’s lease agreements are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease expense$639 $183 $1,441 $356 
Variable lease expense258 125 583 249 
Total lease expense$897 $308 $2,024 $605 
Other information related to the Company’s lease agreements is as follows:
June 30, 2026December 31, 2025
Remaining lease term (years)9.49.9
Discount rate11.4 %11.4 %
Schedule of Future Contractual Lease Payments
The below table summarizes as of June 30, 2026, the (i) minimum lease payments over the next five years and thereafter, (ii) lease arrangement imputed interest, and (iii) present value of future lease payments, as follows:
Amounts
2026 (remaining six months)
$1,277 
20272,625 
20282,704 
20292,783 
20302,869 
Thereafter15,396 
Total future lease payments, undiscounted27,654 
(Less): Imputed interest(11,014)
(Less): Tenant improvement allowance(591)
Present value of operating lease payments$16,049 
Operating lease liability, current154 
Operating lease liability, non-current15,895 
Total operating lease liability$16,049