Lease |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Leases [Abstract] | |
| Lease | Lease The Company has a single lease for real estate, including laboratory and office space, and certain equipment, in Lexington, Massachusetts which commenced on May 1, 2020. The lease will expire on April 30, 2027. As of June 30, 2026, the Company had an operating lease liability of $1.0 million and related right-of-use asset of $1.2 million related to its operating lease. As of December 31, 2025, the Company had an operating lease liability of $1.6 million and related right-of-use asset of $1.9 million related to its operating lease. The Company recorded lease cost of $0.4 million for each of the three months ended June 30, 2026 and 2025. The Company recorded lease cost of $0.7 million for each of the six months ended June 30, 2026 and 2025. The Company paid $0.3 million and $0.4 million in rent during the three months ended June 30, 2026 and 2025, respectively. The Company paid $0.6 million and $0.8 million in rent during the six months ended June 30, 2026 and 2025, respectively. The discount rate associated with the Company’s right-of-use asset is 10%.
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