v3.26.3
Leases (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of Right-of-use Assets and Lease Liabilities for Operating Leases

ROU assets and lease liabilities for operating leases as included in the Company’s financial statements are as follows (in thousands):

 

 

September 30,
2026

 

 

December 31, 2025

 

Operating lease right-of-use assets

 

$

661

 

 

$

387

 

Current operating lease liabilities

 

 

251

 

 

 

549

 

Noncurrent operating lease liabilities

 

 

539

 

 

 

—

 

Total lease liabilities

 

$

790

 

 

$

549

 

Schedule of Lease Expense for Operating Leases

Lease expense for operating leases, net of sublease receipts, as included in the Company’s financial statements are as follows (in thousands):

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

$

56

 

 

$

46

 

 

$

148

 

 

$

142

 

Variable lease expense

 

43

 

 

 

44

 

 

 

128

 

 

 

118

 

Schedule of Lease Term, Discount Rates, and Additional Information for Operating Leases

Lease term, discount rates, and additional information for operating leases are as follows (in thousands):

 

 

As of September 30,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term - operating leases (years)

 

3.05

 

 

1.16

 

Weighted-average discount rate - operating leases

 

 

9.2

%

 

 

4.5

%

Cash paid for amounts included in the measurement of
  lease liabilities:

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

440

 

 

$

427

 

Schedule of Maturities of Lease Liabilities by Fiscal Year for Operating Leases

The aggregate maturities of the Company’s operating lease liabilities were as follows as of September 30, 2026 (in thousands):

Remaining in 2026

$

120

 

2027

 

255

 

2028

 

262

 

2029

 

270

 

Total future minimum lease payments

 

907

 

Less: imputed interest

 

(117

)

Less: current portion

 

(251

)

Operating lease liability, net of current portion

$

539