In April 2026, the Company purchased AI compute server systems utilizing NVIDIA GPUs (the "Purchased GPU Assets") for approximately $2.8 million. On April 19, 2026, the Company entered into a non-cancelable 36-month lease agreement with a lessee for the Purchased GPU Assets.

The lease provides for fixed monthly payments of approximately $0.1 million for the first 30 months and approximately $0.2 million for the final six months and includes an end-of-term purchase option of approximately $0.1 million. Aggregate contractual payments over the initial lease term, including the purchase option, are approximately $3.7 million.

The Company determined that the arrangement should be accounted for as a sales-type lease under ASC 842. At lease commencement, the Company derecognized the underlying equipment and recognized a net investment in the lease of approximately $2.8 million. As the fair value of the equipment at commencement approximated its carrying amount, no material selling profit or loss was recognized at commencement. The Company recognizes interest income over the lease term using the effective interest method.

For the three and six months ended June 30, 2026, the Company recognized approximately $0.1 million of interest income associated with the lease.

As of June 30, 2026, the Company's net investment in the lease was approximately $2.7 million, of which approximately $0.5 million and $2.1 million were classified as current and non-current, respectively.

Future undiscounted contractual payments under the lease as of June 30, 2026 were as follows: