v3.26.1
Transactions with Related Parties
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Transactions with Related Parties

8. Transactions with Related Parties

 

On August 14, 2024, the Company entered into a three-year lease extension with a limited liability company controlled by Dr. Phillip Frost, a director and a principal stockholder of the Company. On an annualized basis, straight-line rent expense is approximately $64 including fixed and estimable fees and taxes. Upon the extension of the lease, the Company recognized a right-of-use asset of approximately $163. The discount rate used to measure the lease assets and liabilities for the extension was 10.75%.

 

The Company paid a lease deposit of $4 on the original agreement and total rent and other expenses paid in connection with this lease were $32 and $32 for the six months ended June 30, 2026 and 2025 respectively.