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Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

 

2026

 

 

2025

 

 

Operating lease expense

 

$

133

 

 

$

135

 

 

Short-term lease expense

 

 

 

 

 

 

 

Variable lease expense

 

 

(5

)

 

 

9

 

 

Total lease expense

 

$

128

 

 

$

144

 

 

Summary of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases as of March 31, 2026 and December 31, 2025 was as follows:

 

 

March 31,
2026

 

 

December 31,
2025

 

Weighted average remaining lease term (in years)

 

 

6.0

 

 

6.3

 

Weighted average discount rate

 

 

9.6

 %

 

 

9.6

 %

Summary of Other Information Related to Leases

Other information related to leases for the three months ended March 31, 2026 and 2025 was as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

 

2026

 

 

2025

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

183

 

 

$

33

 

 

Summary of Future Minimum Commitments Under Operating Leases

As of March 31, 2026, future minimum commitments under operating leases were as follows (in thousands): (1)

Year Ending December 31,

 

As of March 31,
2026

 

2026 (remaining period)

 

$

548

 

2027

 

 

730

 

2028

 

 

764

 

2029

 

 

775

 

2030

 

 

775

 

Thereafter

 

 

969

 

Total future lease payments

 

$

4,561

 

Less: imputed interest

 

 

(1,091

)

Present value of lease payments

 

$

3,470

 

(1) The table excludes approximately $2.6 million of minimum lease payments for the additional leased space for which a contract has been signed, but has not yet commenced.