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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease on Its Consolidated Balance Sheet

The following table summarizes the presentation of the Company's operating lease on its condensed consolidated balance sheet as of September 30, 2025 (in thousands):

 

Leases

 

Balance sheet classification

 

September 30,
2025

 

Assets:

 

 

 

 

 

Operating lease assets

 

Operating lease right-of-use assets

 

$

1,516

 

Total lease assets

 

 

 

$

1,516

 

Liabilities:

 

 

 

 

 

Current:

 

 

 

 

 

Operating lease liabilities

 

Operating lease liability, current

 

$

376

 

Noncurrent:

 

 

 

 

 

Operating lease liabilities

 

Operating lease liability, long-term

 

 

1,169

 

Total lease liabilities

 

 

 

$

1,545

 

 

Schedule of Components of Lease Cost

The components of lease cost under ASC 842 included within general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive loss were as follows for the three and nine months ended September 30, 2025 (in thousands):

 

Lease cost

 

Three and Nine Months Ended September 30, 2025

 

Operating lease cost

 

$

29

 

Total lease cost

 

$

29

 

Schedule of Future Minimum Annual Lease Commitments under Non-cancellable Operating Leases

Future minimum annual lease commitments under the Company's non-cancelable operating lease as of September 30, 2025 was as follows (in thousands):

 

Year ended December 31,

 

Amount

 

2025 (remaining 3 months)

 

$

144

 

2026

 

 

335

 

2027

 

 

342

 

2028

 

 

349

 

2029

 

 

356

 

Thereafter

 

 

701

 

Total lease payments

 

 

2,227

 

Less: interest

 

 

(682

)

Present value of operating lease liabilities

 

$

1,545