5. Leases

The Company is party to operating leases for real estate, and for certain equipment and storage space with a term of 12 months or less. The Company is currently not a party to any finance leases. As of June 30, 2026, the Company’s real estate leases have a weighted-average remaining lease term of approximately 3.87 years, and the lease liabilities are measured using a weighted-average discount rate of 8.33%.

Total lease expense (net of sublease income) included in selling, general and administrative expenses on the Company’s unaudited condensed consolidated statements of operations was approximately $0.2 million for both the current quarter and prior year quarter, and approximately $0.4 million for both the current six months and prior year six months.

Cash paid for amounts included in the measurement of operating lease liabilities was approximately $0.5 million both for the current quarter and for the prior year quarter, $1.0 million for the current six months, and $0.9 million for the prior year six months.

As of June 30, 2026, the maturities of future lease obligations were as follows:

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