v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of other information related to the operating lease

Other information related to the Company’s operating leases was as follows:

 

 

 

 

 

 

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years)

 

 

6.30

 

 

 

7.25

 

Weighted-average discount rate

 

 

8.8

%

 

 

8.7

%

Supplemental cash flow information

Supplemental cash flow information related to the Company’s operating leases was as follows (in thousands):

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

Cash paid for operating lease liabilities

 

$

621

 

 

$

245

 

 

Schedule of future minimum lease payments under operating lease

The Company’s future minimum lease payments were as follows as of June 30, 2026 (in thousands):

 

Years ending December 31,

 

Amount

 

2026 (represents remaining six months in 2026)

 

$

954

 

2027

 

 

2,659

 

2028

 

 

2,720

 

2029

 

 

2,782

 

2030

 

 

2,846

 

2031 and thereafter

 

 

6,054

 

Total lease payments

 

 

18,015

 

Less: imputed interest

 

 

(3,937

)

Less: tenant improvement allowance not yet received

 

 

(9,338

)

Present value of operating lease liabilities

 

$

4,740

 

 

The Company received $6.8 million of the tenant improvement allowance in July 2026.