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Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Lease Cost | The Company’s lease costs consisted of the following (in thousands):
| Three Months Ended March 31,
| 2026 |  | 2025
Operating lease cost | $ | 179 |  | $ | 422 |
Variable lease cost | 188 |  | 165 |
Total lease cost | $ | 367 |  | $ | 587 |
The following table summarizes cash flow information related to the Company’s lease obligations (in thousands):
| Three Months Ended March 31,
| 2026 |  | 2025
Cash paid for operating lease liabilities | $ | 175 |  |  | $ | 417 |
The following table summarizes the Company’s lease assets and liabilities (in thousands):
| March 31, 2026 |  | December 31, 2025
Operating lease right-of-use assets | $ | 60 |  |  | $ | 238 |
Current operating lease liabilities | $ | 186 |  |  | $ | 372 |
The following table summarizes other supplemental information related to the Company’s lease obligations:
| March 31, 2026 |  | December 31, 2025
Weighted-average remaining lease term (in years) | 0.6 |  | 0.7
Weighted-average discount rate | 6.75 | % |  | 6.75 | %
Schedule of Lease Income Related to the Operating Lease | The Lease is classified as an operating lease and revenue is recognized on a straight-line basis and is recorded within the condensed consolidated statements of operations and comprehensive loss in the line item “Other rental income” as this is not a part of the Company’s core operations. Rental income related to the Lease was as follows (in thousands):
| Three Months Ended March 31,
| 2026 |  | 2025
Rental income related to fixed lease income | $ | 2,242 |  |  | $ | 2,242 |
Schedule of Future Fixed Contractual Lease Payments to be Received | Approximate future straight-lined contractual lease income to be recognized under the Lease in effect as of March 31, 2026, is as follow s (in thousands):
| March 31, 2026
2026 (remaining nine months) | $ | 6,726
2027 | 8,968
2028 | 8,968
2029 | 8,968
2030 | 8,968
Thereafter | 76,973
Total | $ | 119,571
Schedule of Net Carrying Amount of the Liability Component of the Loan | The net carrying amount of the liability component of the 2024 Loan was as follows (in thousands):
| March 31, 2026 |  | December 31, 2025
Principal amount | $ | 85,600 |  |  | $ | 85,600 |
Unamortized debt issuance cost | (601) |  |  | (794) |
Net carrying amount | $ | 84,999 |  |  | $ | 84,806 |
Schedule of Interest Expense Related to the Loan | The following table sets forth the interest expense recognized related to the 2024 Loan (in thousands):
| Three Months Ended March 31,
| 2026 |  | 2025
Contractual interest expense | $ | 1,359 |  |  | $ | 886 |
Amortization of debt issuance cost | 193 |  |  | 212 |
Total interest expense related to the 2024 Loan | $ | 1,552 |  |  | $ | 1,098 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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