Leases

9 Months Ended

Sep. 30, 2026

14.

Leases

The Company leases office and manufacturing facilities under operating lease arrangements. The components of lease expense were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
	(in thousands)				(in thousands)
Operating lease cost–fixed	$	516	$	409	$	1,561	$	1,242
Operating lease cost–variable		47		62		145		146
Short-term lease expense		13		20		40		28
Total lease expense	$	576	$	491	$	1,746	$	1,416

Cash paid for amounts included in the measurement of operating lease liabilities was $1.5 million and $1.2 million, respectively, for the nine months ended September 30, 2026 and 2025.

The weighted-average remaining lease term and discount rate were as follows:


	September 30, 2026
Weighted-average remaining lease term		4.99
Weighted-average discount rate		6.89	%

Future lease payments under non-cancellable leases as of September 30, 2026 were as follows:


(in thousands)
Year Ending December 31,
2026		466
2027		1,418
2028		1,384
2029		1,092
2030		1,136
Thereafter		1,782
Total future lease payments	$	7,278
Less: imputed interest		(1,177	)
Total lease liabilities	$	6,101