Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Schedule of Lease Cost

The balance of the lease right-of-use assets and lease liabilities are displayed on the statements of financial condition and the below tables display further detail on the Company’s leases.

Lease Term and Discount Rate

As of

June 30,
2026

As of

December 31,
2025

Weighted average remaining lease term – operating leases (in years)

2.0

2.5

Weighted average discount rate – operating leases

7.3

%

7.8

%

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Operating lease cost		$	354,000			$	268,000			$	682,000			$	538,000
Short-term lease cost			81,000				96,000				129,000				196,000
Variable lease cost			94,000				78,000				172,000				175,000
Total Rent and occupancy		$	529,000			$	442,000			$	983,000			$	909,000

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	391,000			$	290,000			$	751,000			$	557,000

Lease right-of-use assets obtained in exchange for new lease liabilities
Operating leases		$	472,000			$	20,000			$	472,000			$	20,000

Schedule of Future Annual Minimum Payments

Future annual minimum payments for operating leases with initial terms of greater than one year as of June 30, 2026 were as follows:

Year		Amount
2026		$	793,000
2027			1,119,000
2028			632,000
2029			12,000
Remaining balance of lease payments			2,556,000
Less: difference between undiscounted cash flows and discounted cash flows			175,000
Lease liabilities		$	2,381,000