Quarterly report [Sections 13 or 15(d)]

Operating Lease (Tables)

v3.26.1
Operating Lease (Tables)
3 Months Ended
Mar. 31, 2026
Operating Lease [Abstract]  
Schedule of Maturities of Lease Liabilities

As of March 31, 2026, maturities of the Company’s lease liabilities are as follows (in thousands):

 

    Operating Lease  
       
Year ending December 31, 2026   $ 478  
Year ending December 31, 2027     381  
Total lease payments     859  
Less imputed interest rate / present value discount     (44 )
Present value of lease liability     815  
Less current portion     (598 )
Long term portion   $ 217  
Schedule of Remaining Lease Term and Discount Rates

The remaining lease term and discount rates related to the Company’s right of use assets and lease liabilities for its operating leases were as follows:

 

    As of     As of  
    December 31,     March 31,  
    2025     2026  
                 
Remaining lease term (in years)     0.25       1.33  
Incremental borrowing rate     10 %     8.75 %