Note 7: Leased Right-of-Use Assets, net

Leased right-of-use (“ROU”) assets consisted of the following (in thousands):

As of June 30, 2026, the weighted-average lease term for the Company’s operating leases was 60 months and the weighted-average discount rate was 11.4%. As of December 31, 2025, the weighted-average lease term for operating leases was 64 months and the weighted-average discount rate was 11.3%.

During the three months ended June 30, 2026 and June 30, 2025, the Company recorded operating lease costs of $0.4 million and $0.4 million, respectively, included in General and Administrative Expenses on the Company’s condensed consolidated statements of operations. During the six months ended June 30, 2026 and June 30, 2025, the Company recorded operating lease costs of $0.7 million and $0.7 million, respectively, included in General and Administrative Expenses on the Company’s condensed consolidated statements of operations.

During the three months ended June 30, 2026 and June 30, 2025, the Company recorded finance lease costs of $48,276 and $0.1 million, respectively, primarily comprised of ROU amortization of $44,774 and $0.1 million, respectively. During the six months ended June 30, 2026 and June 30, 2025, the Company recorded finance lease costs of $0.1 million and $0.2 million, respectively, primarily comprised of ROU amortization of $0.1 million and $0.2 million, respectively. ROU amortization is recorded within General and Administrative Expenses and accretion of interest expense is recorded within Other Income (Expense), net on the Company’s condensed consolidated statements of operations.