v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating Lease Cost

Supplemental lease cost information is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

102

 

 

$

30

 

 

$

204

 

 

$

55

 

Short-term lease cost

 

 

7

 

 

 

8

 

 

 

13

 

 

 

18

 

Variable lease cost

 

 

22

 

 

 

11

 

 

 

38

 

 

 

22

 

Total lease cost

 

$

131

 

 

$

49

 

 

$

255

 

 

$

95

 

Schedule of Operating Lease Balance Within Balance Sheet

The following table presents the lease balances within the balance sheet (in thousands):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Operating Leases:

 

 

 

 

 

 

Right-of-use asset

 

$

932

 

 

$

1,068

 

 

 

 

 

 

 

 

Operating lease liabilities, current

 

$

358

 

 

$

358

 

Operating lease liabilities, non-current

 

 

790

 

 

 

948

 

Total operating lease liabilities

 

$

1,148

 

 

$

1,306

 

Summary of Undiscounted Future Minimum Lease Payments

The following table presents undiscounted future minimum lease payments as of June 30, 2026, which reconcile to the total lease liability as follows (in thousands):

 

Years Ending December 31

 

 

 

2026, remaining months

 

$

229

 

2027

 

 

467

 

2028

 

 

387

 

2029

 

 

206

 

2030

 

 

70

 

Total undiscounted future minimum lease payments

 

 

1,359

 

Less: Amounts representing interest

 

 

(211

)

Total lease liabilities

 

$

1,148

 

Schedule of Weighted Average Lease Terms and Discount Rates

The weighted average lease terms and discount rates are as follows:

 

Operating Lease Term and Discount Rate

 

June 30, 2026

 

December 31, 2025

Weighted-average remaining lease term

 

3.05 years

 

3.54 years

Weighted-average discount rate

 

10.82%

 

10.82%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

Cash paid for amounts included in the measurement of lease liabilities:

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating cash flow from operating leases

 

$

113

 

 

$

26

 

 

$

225

 

 

$

51