v3.26.1
Prepaid Expenses and Other Current Assets
6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

3. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):

 

June 30, 2026

 

 

December 31, 2025

 

Deferred maintenance, current portion

$

3,909

 

$

2,246

 

Prepaid expenses

 

 

1,185

 

 

 

535

 

Lessor maintenance deposits

 

 

312

 

 

 

748

 

Prepaid expenses and other current assets

 

$

5,406

 

 

$

3,529

 

The increase in prepaid expenses and other current assets from December 31, 2025 to June 30, 2026 was primarily attributable to the reclassification of $1.7 million of deferred maintenance costs from Other assets (noncurrent) to current assets, as such costs are now expected to be utilized within the next twelve months. This increase was partially offset by a net decrease in the Company's other prepaid balances during the six months ended June 30, 2026.