Leases	6 Months Ended
Jun. 30, 2026
Leases
Leases	(15) Leases In April 2026, the Company entered into an operating lease agreement for the sublease of 12,543 square feet of additional building space located in Berkeley California, which will expire on November 30, 2029. The sublease agreement provides for increasing rental payments at fixed intervals, totaling $1.5 million over the 42-month lease term. Under the terms of the sublease agreement, the Company is responsible for its pro rata share of building operating costs and taxes, estimated to be approximately $0.4 million per year. Upon lease commencement, the Company recorded an initial right-of-use asset and a corresponding lease liability of $1.4 million, measured using an incremental borrowing rate of 6.85%.

Leases

6 Months Ended

Jun. 30, 2026

(15) Leases

In April 2026, the Company entered into an operating lease agreement for the sublease of 12,543 square feet of additional building space located in Berkeley California, which will expire on November 30, 2029. The sublease agreement provides for increasing rental payments at fixed intervals, totaling $1.5 million over the 42-month lease term. Under the terms of the sublease agreement, the Company is responsible for its pro rata share of building operating costs and taxes, estimated to be approximately $0.4 million per year.

Upon lease commencement, the Company recorded an initial right-of-use asset and a corresponding lease liability of $1.4 million, measured using an incremental borrowing rate of 6.85%.