6. Commitments and Contingencies

Operating Leases

Amounts reported in the balance sheets for leases where the Company is the lessee as of June 30, 2026 were as follows:

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Operating lease costs for the three and six months ended June 30, 2026 was $53 and $100, respectively, as compared to operating lease costs for the three and six months ended June 30, 2025 of $54 and $108, respectively.

The maturities of the operating lease liabilities and minimum lease payments as of June 30, 2026 were as follows:

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The following table summarizes the lease term and discount rate as of June 30, 2026, respectively:

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Operating cash flows used for operating leases for the six months ended June 30, 2026 and 2025 was $103 and $111, respectively.

Litigation and Contingencies

From time to time, the Company may be involved in disputes or regulatory inquiries that arise in the ordinary course of business. When the Company determines that a loss is both probable and reasonably estimable, a liability is recorded and disclosed if the amount is material to the financial statements taken as a whole. When a material loss contingency is only reasonably possible, the Company does not record a liability but instead discloses the nature and the amount of the claim and an estimate of the loss or range of loss, if such an estimate can reasonably be made.

As of June 30, 2026 and December 31, 2025, there was no litigation or contingency with at least a reasonable possibility of a material loss.