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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

 

For the Nine Months
Ended September 30,

 

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Operating lease cost(a)

 

$

295

 

 

$

306

 

(a) Includes variable operating lease expenses, which are immaterial

 

Schedule of Other Supplemental Cash Flow Information Related to Leases

Other supplemental cash flow information related to leases were as follows (in thousands):

 

 

 

For the Nine Months
Ended September 30,

 

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liability:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

292

 

 

$

272

 

Schedule of Other Supplemental Balance Sheet Information Related to Operating Leases

Other supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):

 

 

 

September 30,
2025

 

 

December 31,
2024

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

694

 

 

$

926

 

 

 

 

 

 

 

Operating lease liabilities (current)

 

 

(346

)

 

 

(314

)

Operating lease liabilities (non-current)

 

 

(376

)

 

 

(640

)

Total lease obligations under operating leases

 

$

(722

)

 

$

(954

)

 

 

 

 

 

 

Weighted-average remaining lease term (in years)

 

 

2.0

 

 

 

2.7

 

Weighted-average discount rate

 

 

9.45

%

 

 

9.46

%

Schedule of Future Minimum Payments Under Noncancelable Operating Leases

As of September 30, 2025, future payments for these non-cancelable operating leases for the remainder of the current fiscal year are as follows (in thousands):

 

 

 

September 30,

 

 

 

2025

 

 

 

 

 

2025 (remainder of)

 

$

99

 

2026

 

 

403

 

2027

 

 

293

 

Total minimum lease payments

 

 

795

 

Less imputed interest

 

 

(73

)

Present value of lease liabilities

 

 

722

 

Less current portion of operating lease liabilities

 

 

346

 

Non-current operating lease liabilities

 

$

376