XML 31 R22.htm IDEA: XBRL DOCUMENT v3.26.1
Operating Leases - ROU Assets and Lease Liability Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
Lessee, Lease, Description [Line Items]  
Schedule of Right-of-use Assets and Lease Liabilities

 

 

June 30, 2026

 

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

4,010

 

 

 

$

85

 

 

 

 

 

 

 

 

 

 

 

Lease liability obligations, current

 

$

161

 

 

 

$

137

 

 

Lease liability obligations, less current portion

 

 

3,925

 

 

 

 

—

 

 

Total lease liability obligations

 

$

4,086

 

 

 

$

137

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term

 

5.33 years

 

 

 

0.25 years

 

 

 

 

 

 

 

 

 

 

 

Weighted-average discount rate

 

 

9.00

 

%

 

 

6.28

 

%
Office Space [Member]  
Lessee, Lease, Description [Line Items]  
Schedule of Future Minimum Lease Payments

Approximate future minimum lease payments for the Company’s ROU assets over the remaining lease period as of June 30, 2026 are as follows (in thousands):

 

 

 

 

 

Remainder of 2026

 

 

328

 

 

2027

 

 

364

 

 

2028

 

 

1,053

 

 

2029

 

 

1,222

 

 

2030

 

 

1,307

 

 

2031

 

 

1,121

 

 

Total minimum lease payments

 

$

5,395

 

 

Less: amount representing interest

 

$

(1,309

)

 

Total lease liability obligations

 

$

4,086

 

 

The Amended Office Lease provides the Company with an option to extend the term of the Amended Office Lease for a period of five years beyond the Term. If the option is exercised, the renewal term will be on the same terms and conditions as the Amended Office Lease, except that the base rent will be equal to the prevailing market rate as determined pursuant to the terms of the Amended Office Lease. The option to extend the term of the Amended Office Lease was recognized as part of the Company’s lease liability and ROU assets.