Commitments and Contingencies |
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| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies | Commitments and Contingencies Long-term Contracts Accounted for as Operating Leases The Company has operating leases for office facilities in various locations. These leases generally have remaining terms ranging from 2 months to 51 months, some of which include options to extend or terminate. The Company’s lease agreements do not contain material residual value guarantees or restrictive covenants. The weighted-average remaining lease term was 3.32 years as of September 30, 2026. The Company also has certain office equipment leases, which are excluded from the office lease disclosures because they are immaterial. The following table summarizes the Company’s office lease commitments as of September 30, 2026.
In March 2026, the Company modified its Greece office lease to extend lease term by 36 months starting from October 1, 2026. For both 2026 and 2025, the Company recognized approximately $111 and $332 in office lease expense for the three and nine months ended September 30, respectively. These amounts were included in General and Administrative Expenses. As of September 30, 2026, future minimum rentals under operating leases that had commenced were as follows:
The Company entered into a Singapore office lease for January 2027 through December 2028, with total base rent of $221, a two-month rent-free fit-out period beginning November 2026 and a one-year renewal option. The lease had not commenced at September 30, 2026 and is excluded from the tables above and weighted-average remaining lease term. Legal Proceedings and Claims The Company is subject to certain asserted claims arising in the ordinary course of business. The Company intends to vigorously assert its rights and defend itself in any litigation that may arise from such claims. While the ultimate outcome of these matters could affect the results of operations of any one year, and while there can be no assurance with respect thereto, management believes that after final disposition, any financial impact to the Company would not be material to its consolidated financial position, results of operations, or cash flows.
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