v3.26.3
Leases (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of components of lease costs
The components of lease costs were as follows (in thousands):
 
     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2026      2025      2026      2025  
Operating lease expense
   $ 58      $ 55      $ 175      $ 165  
Variable lease cost
     18        17        51        50  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total lease cost
   $ 76      $ 72      $ 226      $ 215  
  
 
 
    
 
 
    
 
 
    
 
 
 
Schedule of supplemental balance sheet information
The table below summarizes supplemental balance sheet information (in thousands):
 
     September 30, 2026      December 31, 2025  
Operating right-of-use assets
   $ 581      $ 705  
  
 
 
    
 
 
 
Current portion of operating lease liabilities
   $ 184      $ 165  
Operating lease liabilities, net of current portion
     429        570  
  
 
 
    
 
 
 
Total operating lease liabilities
   $ 613      $ 735  
  
 
 
    
 
 
 
Schedule of future minimum lease payments under non-cancelable operating leases
As of September 30, 2026, the future minimum lease payments under non-cancelable operating leases are as follows (in thousands):
 
Year Ending December 31,
      
2026, remaining (October – December)
   $ 58  
2027
     238  
2028
     223  
2029
     195  
  
 
 
 
Total future undiscounted lease payments
     714  
Less: imputed interest
     (101 ) 
  
 
 
 
Present value of operating lease liabilities
   $ 613  
Less: Current portion of operating lease liabilities
     (184 ) 
  
 
 
 
Operating lease liabilities, net of current portion
   $ 429  
  
 
 
 
Schedule of other information related to the Company's leases
The table below summarizes other information related to the Company’s leases (dollars in thousands):
 
     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2026      2025      2026      2025  
Cash paid for amounts included in the measurement of lease liabilities
   $ 58      $ 55      $ 172      $ 165  
 
     As of September 30,  
     2026     2025  
Weighted-average remaining lease term (in years)
     3.2       4.1  
Weighted-average discount rate
     9.94 %      9.94 %