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Leases (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of other information related to the operating lease

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

 

 

 

 

 

 

 

 

 

September 30, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years)

 

 

6.31

 

 

 

7.25

 

Weighted-average discount rate

 

 

8.8

%

 

 

8.7

%

Supplemental cash flow information

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

 

 

Nine Months Ended September 30,

 

 

2026

 

 

2025

 

Cash paid for operating lease liabilities

 

$

1,031

 

 

$

462

 

Tenant improvement reimbursement received

 

 

(6,805

)

 

 

—

 

 

 

$

(5,774

)

 

$

462

 

Schedule of future minimum lease payments under operating lease

The Company’s future minimum lease payments were as follows as of September 30, 2026 (in thousands):

 

Years ending December 31,

 

Amount

 

2026 (represents remaining three months in 2026)

 

$

526

 

2027

 

 

2,659

 

2028

 

 

2,720

 

2029

 

 

2,782

 

2030

 

 

2,846

 

2031 and thereafter

 

 

6,054

 

Total lease payments

 

 

17,587

 

Less: imputed interest

 

 

(3,687

)

Less: tenant improvement allowance not yet received

 

 

(2,515

)

Present value of operating lease liabilities

 

$

11,385