Leases (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Leases |
|
|
| Components of lease expense |
The
components of lease expense included in the Company’s condensed consolidated statements of operations and comprehensive
income (loss) include (in thousands):
Components of lease expense
| | |
|
|
|
|
|
| | |
|
|
|
|
|
| |
| | |
Three
Months Ended June 30, | | |
Six
Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Operating lease expense | |
$ | 359 | | |
$ | 331 | | |
$ | 718 | | |
$ | 592 | |
| Variable lease expense | |
| 88 | | |
| 215 | | |
| 207 | | |
| 395 | |
| Total lease expense, net | |
$ | 447 | | |
$ | 546 | | |
$ | 925 | | |
$ | 987 | |
|
The
components of lease expense included in the Company’s consolidated statements of operations and comprehensive loss include
(in thousands):
| Components of lease expense |
|
|
|
|
|
|
|
|
| |
|
Years
ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Operating
lease expense |
|
$ |
1,311 |
|
|
$ |
1,043 |
|
| Variable
lease expense |
|
|
568 |
|
|
|
689 |
|
| Total
lease expense, net |
|
$ |
1,879 |
|
|
$ |
1,732 |
|
|
| Summary of weighted average remaining lease term and weighted average discount rate |
The
weighted average remaining lease term and weighted average discount rate for operating leases were as follows:
Summary of weighted average remaining lease term and weighted average discount rate
| | |
|
|
|
|
|
| |
| | |
As
of June 30, | |
| | |
2026 | | |
2025 | |
| Weighted average remaining lease term (in years) | |
| 4.40 | | |
| 5.40 | |
| Weighted average discount rate percentage | |
| 9.00 | % | |
| 9.00 | % |
|
The
weighted average remaining lease term and weighted average discount rate for operating leases were as follows:
| Summary of weighted average remaining lease term and weighted average discount rate |
|
|
|
|
|
|
|
|
| |
|
December
31, |
|
| |
|
2025 |
|
|
2024 |
|
| Weighted
average remaining lease term (in years) |
|
|
4.9 |
|
|
|
0.5 |
|
| Weighted average discount
rate percentage |
|
|
9.00 |
% |
|
|
3.50 |
% |
|
| Supplemental cash flow information related to leases |
Supplemental
cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):
Supplemental cash flow information related to leases
| | |
|
|
|
|
|
| | |
|
|
|
|
|
| |
| | |
Three
Months Ended
June 30, | | |
Six
Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Cash paid for amounts included in the measurement of operating leases | |
$ | 365 | | |
$ | 557 | | |
$ | 609 | | |
$ | 845 | |
|
Supplemental
cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):
| Supplemental cash flow information related to leases |
|
|
|
|
|
|
|
|
| |
|
Years
ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Cash
paid for amounts included in the measurement of operating leases |
|
$ |
967 |
|
|
$ |
1,685 |
|
|
| Maturities of operating lease liabilities |
Maturities
of operating lease liabilities as of June 30, 2026 were as follows (in thousands):
Maturities of operating lease liabilities
| | |
Operating
lease | |
| Six months ending December 31, 2026 | |
$ | 875 | |
| 2027 | |
| 1,528 | |
| 2028 | |
| 1,574 | |
| 2029 | |
| 1,621 | |
| 2030 | |
| 1,529 | |
| Total future lease payments | |
| 7,127 | |
| Less: imputed interest | |
| (1,264 | ) |
| Total operating lease liabilities | |
$ | 5,863 | |
|
Maturities
of operating lease liabilities as of December 31, 2025 were as follows (in thousands):
| Maturities of operating lease liabilities |
|
|
|
|
| Years
ending December 31: |
|
Operating
lease |
|
| 2026 |
|
$ |
1,484 |
|
| 2027 |
|
|
1,528 |
|
| 2028 |
|
|
1,574 |
|
| 2029 |
|
|
1,621 |
|
| 2030 |
|
|
1,529 |
|
| Total
future lease payments |
|
|
7,736 |
|
| Less
imputed interest |
|
|
(1,536 |
) |
| Total
operating lease liabilities |
|
$ |
6,200 |
|
|