v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases

6. Leases

 

In June 2021, the Company entered into a facility lease agreement for its company headquarters in Los Gatos, California, which was to expire in June 2026. In February 2026, the Company entered into a lease extension for the same facility. This non-cancellable operating lease expires in May 2031. In April 2026, the Company entered into a lease agreement for a sales facility in Tampa, Florida, which expires in April 2028. Operating lease expense for the facility leases was $95 and $73 for the three months ended June 30, 2026 and 2025, respectively and $171 and $146 for the six months ended June 30, 2026 and 2025, respectively.

 

Supplemental balance sheet information related to leases was as follows:

 

    June 30,     December 31,  
    2026     2025  
Operating lease right-of-use assets   $ 1,431     $ 131  
                 
Operating lease liability, current   $ 215     $     141  
Operating lease liability, noncurrent     1,131       —  
Total operating lease liabilities   $ 1,346     $ 141  

 

Future maturities of operating lease liabilities as of June 30, 2026 were as follows:

 

2026 (remaining 6 months)   $ 157  
2027     320  
2028     329  
2029     338  
2030     348  
Thereafter     147  
Total lease payments     1,639  
Less: imputed interest     (293 )
Present value of operating lease liabilities   $ 1,346  

 

Other information:

 

Cash paid for operating leases for the six months ended June 30, 2026   $ 268  
Cash paid for operating leases for the six months ended June 30, 2025   $ 153  
Remaining lease term - operating leases (in years)     4.92  
Average discount rate - operating leases     8.0 %