v3.26.1
Commitment and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Costs Included in General and Administrative Expenses in the Condensed Consolidated Statements of Operations

The table below presents certain information related to the Company’s lease costs which are included within cost of fleet revenue, net on the condensed consolidated statements of operations (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease costs

 

$

295

 

 

$

194

 

 

$

592

 

 

$

371

 

Total lease costs

 

$

295

 

 

$

194

 

 

$

592

 

 

$

371

 

Schedule of ROU Assets and Lease Liabilities for Operating Leases

The ROU assets and lease liabilities for the operating leases were recorded on the condensed consolidated balance sheet as follows (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

5,392

 

 

$

5,084

 

Total lease assets

 

$

5,392

 

 

$

5,084

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

Operating lease liabilities, current portion

 

$

779

 

 

$

410

 

 

 

 

 

 

 

Non-current liabilities:

 

 

 

 

 

 

Operating lease liabilities, net of current portion

 

 

4,694

 

 

 

4,733

 

Total lease liabilities

 

$

5,473

 

 

$

5,143

 

Schedule of Supplemental Cash Flow Information

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

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Operating cash flows from operating leases

 

$

570

 

 

$

346

 

 

 

Schedule of Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating leases as of June 30, 2026 are as follows (in thousands):

Remainder of 2026

 

$

574

 

2027

 

 

1,157

 

2028

 

 

798

 

2029

 

 

811

 

2030

 

 

826

 

Thereafter

 

 

2,989

 

Total minimum lease payments

 

 

7,155

 

Less effects of discounting

 

 

(1,682

)

Total lease liabilities

 

$

5,473