Leases	6 Months Ended
Jun. 30, 2026
Leases
Leases	15. Leases The Company had an operating lease obligation accounted for under ASC 842 related to previously occupied corporate office space. Operating leases generally have remaining terms of one to five years and may include options to extend the lease term. Please see Note 19 – Commitments and Contingencies for further details. During January 2026, the Company vacated its leased corporate office space and received notice from the landlord alleging default under the lease agreement, accelerating remaining lease obligations, and repossessing the premises. The lease had an original remaining contractual term through March 2029. As a result of vacating the premises, the Company determined that the related right-of-use asset was no longer recoverable and recorded a full impairment charge of $110.1 thousand in the three months ended March 31, 2026. In addition, the Company recorded a write-off of fixed assets associated with the premises totaling $16.8 thousand in the three months ended March 31, 2026. The Company continues to recognize an operating lease liability of approximately $94.0 thousand as of June 30, 2026, representing the present value of remaining contractual lease payments. The lease liability reflects the Company’s continuing obligation under the lease agreement, as the Company has not been legally released from its contractual obligations. Due to the landlord’s acceleration of lease payments, all remaining lease obligations are classified as due within 2026. The Company recorded accrued lease obligations under ASC 450, Contingencies, of $16.9 thousand for the six months ended June 30, 2026 related to unpaid rent and related charges. No accrued lease obligation was recorded for the three months ended June 30, 2026, the three months ended June 30, 2025, or the six months ended June 30, 2025. The landlord may seek additional damages, including future rent and releasing costs; however, such amounts are not reasonably estimable as of June 30, 2026 and therefore have not been recorded. Management will continue to evaluate this matter as additional information becomes available. The original contractual lease term extends through March 2029. The weighted-average remaining lease term and weighted-average discount rate are not presented due to immateriality.

Leases

6 Months Ended

Jun. 30, 2026

15. Leases

The Company had an operating lease obligation accounted for under ASC 842 related to previously occupied corporate office space. Operating leases generally have remaining terms of one to five years and may include options to extend the lease term. Please see Note 19 – Commitments and Contingencies for further details.

During January 2026, the Company vacated its leased corporate office space and received notice from the landlord alleging default under the lease agreement, accelerating remaining lease obligations, and repossessing the premises. The lease had an original remaining contractual term through March 2029. As a result of vacating the premises, the Company determined that the related right-of-use asset was no longer recoverable and recorded a full impairment charge of $110.1 thousand in the three months ended March 31, 2026. In addition, the Company recorded a write-off of fixed assets associated with the premises totaling $16.8 thousand in the three months ended March 31, 2026.

The Company continues to recognize an operating lease liability of approximately $94.0 thousand as of June 30, 2026, representing the present value of remaining contractual lease payments. The lease liability reflects the Company’s continuing obligation under the lease agreement, as the Company has not been legally released from its contractual obligations. Due to the landlord’s acceleration of lease payments, all remaining lease obligations are classified as due within 2026. The Company recorded accrued lease obligations under ASC 450, Contingencies, of $16.9 thousand for the six months ended June 30, 2026 related to unpaid rent and related charges. No accrued lease obligation was recorded for the three months ended June 30, 2026, the three months ended June 30, 2025, or the six months ended June 30, 2025.

The landlord may seek additional damages, including future rent and releasing costs; however, such amounts are not reasonably estimable as of June 30, 2026 and therefore have not been recorded. Management will continue to evaluate this matter as additional information becomes available. The original contractual lease term extends through March 2029. The weighted-average remaining lease term and weighted-average discount rate are not presented due to immateriality.