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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating and Finance Leases
The following table summarizes the Company's operating and finance leases as of September 30, 2025 and December 31, 2024:
As of
Balance Sheet CaptionSeptember 30, 2025December 31, 2024
Operating lease ROU assetsDeferred costs and other assets, net$2,683 $3,012 
Operating lease ROU accumulated amortizationDeferred costs and other assets, net$(1,069)$(1,163)
Operating lease liabilitiesOther liabilities$(2,228)$(2,528)
Finance lease ROU assetBuilding and other improvements$8,965 $— 
Finance lease ROU accumulated amortizationAccumulated depreciation$(41)$— 
Finance lease liabilityDebt, net$(11,033)$— 
Weighted-average remaining lease term - Operating leases4.8 years5.2 years
Weighted-average remaining lease term - Finance lease66.4 yearsN/A
Weighted-average discount rate - Operating leases4.48 %4.49 %
Weighted-average discount rate - Finance lease6.80 %N/A
Schedule of Lease Costs
The following table summarizes the Company's lease costs for the three and nine months ended September 30, 2025 and 2024:
Statement of
Operations Expense Caption
Three months ended September 30Nine months ended September 30
2025202420252024
Operating lease costs:
Minimum lease costGeneral and administrative$108 $126 $324 $379 
Variable lease costGeneral and administrative$68 $88 $225 $266 
Short-term lease costGeneral and administrative$— $52 $— $152 
Finance lease costs:
Amortization of ROU assetDepreciation and amortization$34 $— $42 $— 
Interest on lease liabilityInterest expense, net$187 $— $230 $— 
Variable lease costProperty operating$31 $— $39 $— 
Schedule of Future Operating Lease Obligations Maturity
The following table summarizes the Company's future minimum lease obligations as of September 30, 2025:
Future Minimum Lease Payments
Scheduled minimum payments by year:Operating LeasesFinance Lease
Remaining 2025$121 $138 
2026517 550 
2027529 578 
2028522 605 
2029493 605 
Thereafter293 71,816 
Total expected minimum lease obligation2,475 74,292 
Less: Amount representing interest (a)(247)(63,259)
Present value of net minimum lease payments$2,228 $11,033 
(a)Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's IBR.
Schedule of Future Finance Lease Obligations Maturity
The following table summarizes the Company's future minimum lease obligations as of September 30, 2025:
Future Minimum Lease Payments
Scheduled minimum payments by year:Operating LeasesFinance Lease
Remaining 2025$121 $138 
2026517 550 
2027529 578 
2028522 605 
2029493 605 
Thereafter293 71,816 
Total expected minimum lease obligation2,475 74,292 
Less: Amount representing interest (a)(247)(63,259)
Present value of net minimum lease payments$2,228 $11,033 
(a)Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's IBR.