v3.26.3
Leases (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Lease, Cost
The weighted average remaining lease term and weighted average discount rate for the operating leases as of September 30, 2026 and December 31, 2025 were as follows:
September 30, 2026
December 31, 2025
Weighted average remaining lease term
23 months
22 months
Weighted average discount rate
7.4 
%
4.6 
%
The Company recorded the following lease and variable lease expenses for the three and nine months ended September 30, 2026 and 2025, respectively:
(in thousands)
Three Months Ended September 30, 2026
Three Months Ended September 30, 2025
Nine Months Ended September 30, 2026
Nine Months Ended September 30, 2025
Operating lease expense
$
397 
$
365 
$
1,151 
$
1,095 
Variable lease expense
1 
13 
35 
36 
Total lease expense
$
398 
$
378 
$
1,186 
$
1,131 
Schedule of Future Lease Payments
The future minimum annual lease payments under these operating leases as of September 30, 2026 are as follows:
(in thousands)
Fiscal Year
Amount
2026 (remainder of the year)
$
418
2027
728
2028
455
2029
102
Thereafter
—
Total lease payments
1,703
Less imputed interest
(97)
Total lease liability
1,606
Less current portion of lease liability
(959)
Long-term portion of operating lease liability
$
647