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Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases  
Schedule of other information related to the operating lease

Other information related to the Company’s operating leases was as follows:

 

 

 

 

 

 

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years)

 

 

7.00

 

 

 

7.25

 

Weighted-average discount rate

 

 

8.7

%

 

 

8.7

%

Supplemental cash flow information

Supplemental cash flow information related to the Company’s operating leases was as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Cash paid for operating lease liabilities

 

$

242

 

 

$

264

 

Schedule of future minimum lease payments under operating lease

The Company’s future minimum lease payments were as follows as of March 31, 2026 (in thousands):

 

Years ending December 31,

 

Amount

 

2026 (represents remaining nine months in 2026)

 

$

1,226

 

2027

 

 

2,330

 

2028

 

 

2,383

 

2029

 

 

2,437

 

2030

 

 

2,493

 

2031 and thereafter

 

 

5,819

 

Total lease payments

 

 

16,688

 

Less: imputed interest

 

 

(3,656

)

Less: tenant improvement allowance not yet received

 

 

(9,338

)

Present value of operating lease liabilities

 

$

3,694