XML 43 R34.htm IDEA: XBRL DOCUMENT v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Amounts Reported In The Balance Sheet In Respect Of Operating Lease Assets And Corresponding Liabilities

Amounts reported in the unaudited condensed consolidated balance sheet for leases where the Company is the lessee as of March 31, 2026 and December 31, 2025 were as follows (in thousands):

 

 

March 31,
2026

 

 

December 31,
2025

 

Assets:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

4,937

 

 

$

5,100

 

Total operating lease right-of-use assets

 

$

4,937

 

 

$

5,100

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease liabilities

 

$

714

 

 

$

693

 

Noncurrent:

 

 

 

 

 

 

Operating lease liabilities, net of current portion

 

 

4,754

 

 

 

4,943

 

Total operating lease liabilities

 

$

5,468

 

 

$

5,636

 

Schedule of Operating Lease Cost and Variable Lease Costs and Sub Lease Income

The following table summarizes operating lease costs for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

March 31,

 

 

2026

 

 

2025

 

Fixed lease costs

 

$

273

 

 

$

265

 

Variable lease costs

 

 

115

 

 

 

230

 

Total lease costs

 

$

388

 

 

$

495

 

Schedule of Maturities of Operating Lease Liabilities Future minimum lease payments under non-cancelable lease agreement as of March 31, 2026 and a reconciliation to the carrying amount of the lease liabilities presented in the consolidated balance sheet are as follows (in thousands):

 

 

Minimum
Rental
Payments

 

2026

 

$

819

 

2027

 

 

1,124

 

2028

 

 

1,158

 

2029

 

 

1,193

 

Thereafter

 

 

2,495

 

Total minimum lease payments

 

 

6,789

 

Less imputed interest

 

 

(1,321

)

Total lease liability

 

$

5,468

 

Lease liability, current portion

 

 

714

 

Lease liability, net of current portion

 

 

4,754

 

Total

 

$

5,468