We had operating leases with terms greater than 12 months for office space in four multi-tenant facilities, which are recorded as operating lease right-of-use assets and operating lease liabilities within the condensed consolidated balance sheets.

For the three and six months ended June 30, 2026 and 2025, the Company’s lease cost consists of the following components, each of which is included in general and administrative expenses within the condensed consolidated statements of operations and comprehensive income (loss):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Operating lease cost	$	62	$	60	$	122	$	122
Short-term lease cost (1)	—		—		—		—
Total lease cost	$	62	$	60	$	122	$	122

(1) Short-term lease cost includes any lease with a term of less than 12 months.

The table below presents the future minimum lease payments to be made under operating leases in each of the remainder of the current and next three fiscal years and thereafter:


As of June 30, 2026

2026 (remainder)			$	125
2027			251
2028			129



Total	—		505
Less: discount	—		32
Total lease liabilities	$	—	$	473

The weighted average remaining lease term at June 30, 2026 for the operating leases is 2.01 years, and the weighted average discount rate used in calculating the operating lease asset and liability is 6.53%. Cash paid for amounts included in the measurement of lease liabilities was $107 and $100 for the six months ended June 30, 2026 and 2025, respectively. For the six months ended June 30, 2026 and 2025, payments on lease obligations were $123 and $114, respectively, and amortization on the right of use assets was $122 and $122, respectively.