Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of our lease assets and our lease liabilities
The following table reflects our lease assets and our lease liabilities at March 31, 2026 and December 31, 2025 (in thousands):
March 31,
2026		 December 31,
2025
Assets:
Operating lease right-of-use assets $ 4,518  $ 4,657 
Liabilities:
Operating lease liabilities, current $ 865  $ 640 
Operating lease liabilities, non-current $ 3,568  $ 3,808 
Schedule of components of lease costs
The components of lease costs were as follows (in thousands):
Three Months Ended
March 31,
2026 2025
Operating lease cost $ 374  $ 47 
Short term lease cost $ 15  8 
Total lease cost $ 389  $ 55 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended
March 31, 2026		 Three Months Ended
March 31, 2025
Operating cash outflows from operating leases $ 271  $ 45 
Schedule of maturity of operating lease liabilities
As of March 31, 2026, the maturity of operating lease liabilities was as follows (in thousands):
Payments due in:
Year ending December 31, 2026 (9 months remaining) $ 886 
Year ending December 31, 2027 1,470 
Year ending December 31, 2028 1,395 
Year ending December 31, 2039 950 
Year ending December 31, 2030 684 
Total minimum lease payments 5,385 
Less: Amounts representing interest (952)
Present value of operating lease obligations $ 4,433 
Schedule of lease term and discount rate
March 31, 2026
Weighted-average remaining lease term (in years) 4
Weighted-average discount rate 9.7  %