The Company had an operating lease for a vehicle entered into in February 2025 that was scheduled to expire in January 2028. There were no renewal options associated with the lease.

The Company has a lease for office space in Redwood City, California which was entered into in June 2025 and was originally scheduled to expire in June 2026, but was extended through August 2026. Under the terms of the lease, base rent is $6 per month. There are no additional renewal options associated with the lease.

Operating lease costs for the six months ended June 30, 2026 and 2025 were $91 and $21, respectively. Cash payments included in the measurement of operating lease liabilities for the six months ended June 30, 2026 and 2025 were $36 and $51, respectively.

The Company utilizes the rate implicit in the lease or the estimated incremental borrowing rate at the commencement of the lease in determining the present value of future payments.

Variable lease expense includes rental increases that are not fixed, such as those based on amounts paid to the lessor based on cost or consumption, such as maintenance and utilities. Operating lease costs are included in general and administrative expenses in the condensed consolidated statements of operations and comprehensive income (loss).