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Leases | 6 Months Ended
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Jun. 30, 2026
Leases [Abstract] |
Leases | Leases The Company has operating leases for office space and determines if an arrangement is a lease at contract inception. Lease assets and lease liabilities are recognized based on the present value of lease payments over the lease term at the commencement date. The Company does not separate lease and non-lease components. Leases with a term of 12 months or less at commencement are not recorded on the unaudited condensed consolidated balance sheets. Lease expense for these arrangements is recognized on straight-line bases over the lease term. The Company’s leases have remaining lease terms of less than one year and up to approximately three years, and some which include options to terminate the leases within one year. In March 2026, we entered into a lease related to our corporate headquarters to provide us with additional office space, which commenced in June 2026. The components of operating lease expense were as follows (in thousands):
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Operating lease cost |  | 165 |  |  | 289 |  |  | 321 |  |  | 407 |
Short-term lease cost |  | 51 |  |  | 48 |  |  | 68 |  |  | 95 |
Variable lease cost |  | — |  |  | 26 |  |  | — |  |  | 26 |
Less: sublease income |  | — |  |  | (39) |  |  | (26) |  |  | (78) |
Total lease costs |  | $ | 216 |  |  | $ | 324 |  |  | $ | 363 |  |  | $ | 450 |
Supplemental cash flow information related to leases was as follows (in thousands):
|  | Six months ended June 30,
|  | 2026 |  | 2025
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 315 |  |  | $ | 465 |
Operating cash flows from short-term leases |  | 68 |  |  | 95 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |
Operating leases |  | $ | 460 |  |  | $ | 1,115 |
Supplemental balance sheet information related to operating leases was as follows (in thousands, except weighted average remaining lease term and weighted average discount rate):
|  | June 30, 2026 |  | December 31, 2025
Operating lease right-of-use assets |  | $ | 1,667 |  |  | $ | 1,212 |
Current portion of operating lease liabilities |  | $ | 626 |  |  | $ | 419 |
Operating lease liabilities, less current portion |  | 870 |  |  | 859 |
Total operating lease liabilities |  | $ | 1,496 |  |  | $ | 1,278 |
Weighted average remaining lease term |  | 2.2 |  | 3.0
Weighted average discount rate |  | 14.3 | % |  | 13.0 | %
Maturities on lease liabilities were as follows (in thousands):
Year Ended December 31, |  |
2026 (excluding the six months ended June 30, 2026) |  | $ | 392 |
2027 |  | 809 |
2028 |  | 501 |
2029 |  | 41 |
Total lease payments |  | 1,743 |
Less: future interest expense |  | (247) |
Lease liabilities |  | $ | 1,496 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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