v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense and Other Information The components of lease expense and other information for the three and six months ended June 30, 2026 and 2025 were as follows.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

(in thousands)

 

 

(in thousands)

 

 

Operating lease costs

 

$

35

 

 

$

84

 

 

$

72

 

 

$

166

 

 

Variable lease costs

 

 

1

 

 

 

33

 

 

 

13

 

 

 

69

 

 

Short-term lease costs

 

 

20

 

 

 

10

 

 

 

26

 

 

 

20

 

 

    Total lease costs

 

 

56

 

 

 

127

 

 

 

111

 

 

 

255

 

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liability

 

$

36

 

 

$

117

 

 

$

85

 

 

$

235

 

 

 

Schedule of Future Minimum Rental Payments under Operating Leases

The following represents the Company’s minimum annual rental payments under operating leases for each of the next five years and thereafter:

 

Fiscal Year Ending December 31,

 

Operating

 

 

 

(in thousands)

 

 2026 (remaining)

 

 

73

 

 2027

 

 

147

 

 2028

 

 

67

 

Total future minimum lease payments

 

 

287

 

Less: imputed interest

 

 

(23

)

Present value of operating lease liability

 

$

264

 

 

 

 

Current portion of lease liability

 

 

130

 

Non-current portion of lease liability

 

 

134

 

Present value of operating lease liability

 

$

264