Leases |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Text Block [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| Leases |
In connection with its merger with Ryvyl Inc., effective May 12, 2026, the Company assumed operating leases at three locations in the United States (California, Illinois, and Massachusetts). The Company had no finance lease obligations as of June 30, 2026.
The Company’s operating lease expense totaled $0.1 million for the six-month period ended June 30, 2026. As of June 30, 2026, the weighted-average remaining lease term was 2.4 years and the weighted average discount rate was 12.0%.
Future minimum lease payments under our operating leases and reconciliation to lease liability as of June 30, 2026, are as follows (in thousands):
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