Commitments and Contingencies

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Long-term Contracts Accounted for as Operating Leases

The Company has operating leases for office facilities in various locations. These leases generally have remaining terms ranging from 5 months to 54 months, some of which include options to extend or terminate. The Company’s lease agreements do not contain material residual value guarantees or restrictive covenants. The weighted-average remaining lease term was 3.41 years as of June 30, 2026. The Company also has certain office equipment leases, which are excluded from the office lease disclosures because they are immaterial.

The following table summarizes the Company’s office lease commitments as of June 30, 2026.

Location

Remaining lease Term (as of June 30, 2026)

Undiscounted Payments

Copenhagen, Denmark

6 months

Singapore

5 months

Connecticut, U.S.

54 months

366

Greece

39 months

554

Total

1,012

In March 2026, the Company modified its Greece office lease to extend lease term by 36 months starting from October 1, 2026.

For the three months ended June 30, 2026 and 2025, the Company recognized approximately $111 and $50, respectively, as lease expense for office leases in General and Administrative Expenses. For the six months ended June 30, 2026 and 2025, the Company recognized approximately $221 and $100, respectively, as lease expense for office leases in General and Administrative Expenses.

As of June 30, 2026, future minimum rentals under all of our operating leases are as follows:


Year ending December 31,	Amount
2026 (remainder of the year)	$	217
2027	252
2028	252
2029	209
2030	81

Total	$	1,012

Legal Proceedings and Claims

The Company is subject to certain asserted claims arising in the ordinary course of business. The Company intends to vigorously assert its rights and defend itself in any litigation that may arise from such claims. While the ultimate outcome of these matters could affect the results of operations of any one year, and while there can be no assurance with respect thereto, management believes that after final disposition, any financial impact to the Company would not be material to its consolidated financial position, results of operations, or cash flows.