v3.26.1
Leases, Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2026
Leases Commitments And Contingencies  
Schedule of Operating Leases

Classification of the Company’s operating lease on the condensed balance sheets are as follows (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Assets

 

 

 

 

 

 

Right-of-use operating asset

 

$

368

 

 

$

190

 

Liability

 

 

 

 

 

 

Operating lease liability – current

 

 

131

 

 

 

105

 

Operating lease liability – noncurrent

 

 

259

 

 

 

107

 

Total liability

 

$

390

 

 

$

212

 
Schedule of Lease Expense and Cash Paid

Lease expense and cash paid by lease type that was recognized during the three and six months ended June 30, 2026 and 2025 are as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease

 

$

40

 

 

$

28

 

 

$

67

 

 

$

57

 

Short-term lease

 

 

1

 

 

 

-

 

 

 

2

 

 

 

-

 

Total lease expense

 

$

41

 

 

$

28

 

 

$

69

 

 

$

57

 
Schedule of Minimum Lease Payments

The minimum lease payments are expected to be as follows for the years ending December 31, (in thousands):

 

Remainder of 2026

 

$

76

 

2027

 

$

156

 

2028

 

 

193

 

Total lease payments

 

$

425

 

Less imputed interest

 

 

(35

)

Present value of operating lease liability

 

$

390