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v3.26.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Schedule of Maturities of Operating and Finance Lease Liabilities | The following table presents the maturities and balance sheet information of the Company’s operating lease liabilities as of March 31, 2026 (in thousands, except lease term and discount rate):
|  | March 31, 2026 |
|  | Operating Leases |  |  | Finance Leases |
2026 |  | $ | 855 |  |  | $ | 792 |
2027 |  |  | 912 |  |  |  | 616 |
2028 |  |  | 939 |  |  |  | — |
2029 |  |  | 967 |  |  |  | — |
2030 |  |  | 163 |  |  |  | — |
Thereafter |  |  | — |  |  |  | — |
Total lease payments |  |  | 3,836 |  |  |  | 1,408 |
Less: imputed interest |  |  | (627 | ) |  |  | (81 | )
Total lease liabilities |  | $ | 3,209 |  |  | $ | 1,327 |
Lease liabilities: current (i) |  | $ | 813 |  |  | $ | 981 |
Lease liabilities: non-current (ii) |  |  | 2,396 |  |  |  | 346 |
Total lease liabilities |  | $ | 3,209 |  |  | $ | 1,327 |
Weighted average remaining lease term (in years) |  |  | 3.7 |  |  |  | 1.3 |
Weighted average discount rate |  |  | 9.6 | % |  |  | 8.5 | %
(i) Current lease liabilities are presented within accrued expenses and other current liabilities on the condensed consolidated balance sheets. (ii) Non-current lease liabilities are presented within other non-current liabilities on the condensed consolidated balance sheets.
Components of Lease Costs | The following table presents the components of lease costs for the three months ended March 31, 2026 and 2025 (in thousands):
|  | Three Months Ended |
|  | March 31, |
|  | 2026 |  |  | 2025 |
Operating lease cost |  | $ | 227 |  |  |  | 292 |
Variable lease cost and other, net (i) |  |  | 118 |  |  |  | 112 |
Short-term lease cost |  |  | — |  |  |  | — |
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 239 |  |  |  | 262 |
Interest |  |  | 31 |  |  |  | 55 |
Total lease costs |  | $ | 615 |  |  | $ | 721 |
(i) The variable lease cost and other, net is comprised primarily of common area maintenance charges for the operating lease, which are dependent on usage. These costs are classified as operating lease expense due to the election to not separate lease and non-lease components. These costs were not included within the measurement of the Company’s operating lease right-of-use assets and operating lease liabilities.
Supplemental Cash Flow Disclosures for Cash Paid for Leases | The following table presents the supplemental cash flow disclosures for cash paid for leases for the three months ended March 31, 2026 and 2025 (in thousands):
|  | Three Months Ended |
|  | March 31, |
|  | 2026 |  |  | 2025 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 332 |  |  | $ | 322 |
Operating cash flows from finance leases |  | $ | 45 |  |  | $ | 77 |
Financing cash flows from finance leases |  | $ | 307 |  |  | $ | 307 |

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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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