v3.26.3
Leases
9 Months Ended
Sep. 30, 2026
Leases  
Leases

9

Leases

Leases where the Company is the Lessee

The Company leases certain office premises. In January 2026, the Company entered into a lease modification agreement for one of its office premises that extended the lease term and modified the payment schedule. This modification did not provide the Company with the right to use any additional underlying assets and therefore was accounted for as a modification of an existing operating lease, resulting in a remeasurement of the related operating lease liability using an updated incremental borrowing rate and a corresponding adjustment to the right‑of‑use asset. The extension commenced October 1, 2026, with fixed payment structures expiring in 2033. Lease liabilities and corresponding right-of-use assets were recognized based on the present value of future lease payments.

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Lease expense for the three and nine months ended September 30, 2026 and 2025:

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​

​

​

​

​

​

  ​ ​ ​

Three Months Ended September 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

$

​

$

Operating lease costs

 

116

 

63

Total lease costs

 

116

 

63

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​

​

​

​

​

​

  ​ ​ ​

Nine Months Ended September 30, 

​

  ​ ​ ​

2026 

  ​ ​ ​

2025 

​

​

$

​

$

Operating lease costs

​

353

​

179

Total lease costs

​

353

​

179

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Other information related to operating leases is as follows:

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​

​

​

​

​

​

  ​ ​ ​

Nine Months Ended September 30, 

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Cash paid from operating cash flows for amounts included in the measurement of lease liabilities

 

214

 

212

​

Weighted average remaining lease term

 

7.00 years

 

0.75 years

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Weighted average discount rate

 

5.50

%  

5.99

%

​

Maturities of the operating lease liabilities and minimum payments for operating leases having initial or remaining noncancellable terms in excess of one year as of September 30, 2026 were as follows:

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​

​

​

2026

  ​ ​ ​

—

2027

 

378

2028

 

498

2029

 

513

2030

 

529

Thereafter

 

1,535

Total

 

3,453

Less: Imputed interest

 

607

Present value of remaining lease payments

 

2,846

Less: Current portion

 

105

Non-current portion

 

2,741

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