Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies

Schedule of Additional Details of Office Space Lease

The table below provides additional details of the office space and vehicle leases presented in the condensed consolidated balance sheet as of June 30, 2026, and December 31, 2025:


		June 30,					December 31,
		2026					2025
(in thousands)		(unaudited)
Operating lease - right-of-use asset - office space		$		995			$		954
Operating lease - right-of-use asset - vehicles				16					46
Total		$		1,011			$		1,000

Operating lease liability, current		$		219			$		192
Operating lease liability, net of the current portion				873					892
Total		$		1,092			$		1,084

Weighted-average remaining life (years)				3.78					4.48
Weighted-average discount rate				23.71	%				24.48	%

Schedule of Undiscounted Cash Payment Obligations

The following table summarizes the undiscounted cash payment obligations for operating lease liability as of June 30, 2026 and December 31, 2025.


		June 30,					December 31,
		2026					2025
(in thousands)		(unaudited)
2026				230					408
2027				440					375
2028				379					379
2029				391					391
2030				266					266
Total undiscounted operating lease payments				1,706					1,819
Imputed interest expenses				(614	)				(735	)
Total operating lease liability				1,092					1,084
Operating lease liability, current				(219	)				(192	)
Operating lease liability, net of current portion		$		873			$		892

Schedule of Summarized Income Statement Information Using Equity Method

The summarized income statement information for the six months ended June 30, 2026, of Magdalena is as follows:


		June 30,
		2026
(in thousands)		(unaudited)
Revenue		$		—
Operating expenses				90
Loss before income tax				90
Income tax expense				—
Net loss		$		90
Net loss attributable to the Company		$		36