Operating Leases

3 Months Ended

Mar. 31, 2026

The Company leases certain facilities and equipment under operating leases. Leases with a lease term of twelve months or less are considered short-term leases and are not recorded on the balance sheet, and expense for these leases is recognized over the term of the lease. All other leases have remaining terms of one to five years, some of which may include options to extend the lease and some of which may include options to terminate the lease within one year. The Company uses judgment to determine whether it is reasonably possible to extend the lease beyond the initial term or terminate before the initial term ends and the length of the possible extension or early termination. The leases are renewable at the option of the Company and do not contain residual value guarantees, covenants, or other restrictions.

The components of lease costs were as follows:


	Three Months Ended March 31,
	2026		2025
Operating lease costs	$	407	$	416
Short-term lease costs	1		10
Variable lease costs	97		90
Lease costs	$	505	$	516

As of March 31, 2026, maturities of lease liabilities, excluding short-term and variable leases, for continuing operations were as follows:


2026	$	1,150
2027	1,481
2028	1,402
2029	1,341
2030	600
2031	—
Thereafter	—
Total	$	5,974
Present value adjustment	(1,243)
Total	$	4,731
Current portion of operating lease liabilities	$	1,068
Long-term portion of operating lease liabilities	3,663
Total	$	4,731

Other information related to operating leases in continuing operations was as follows:


	March 31, 2026		December 31, 2025
Weighted average remaining lease term (years)	3.86		4.05
Weighted average discount rate	11.41	%	11.47	%


	Three Months Ended March 31,
	2026		2025
Supplemental disclosure of cash flow information
Cash paid for operating lease liabilities	$	415	$	416
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modifications of existing leases)	—		297