Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating Lease Liability
Future amounts due under operating lease liabilities as of June 30, 2026 were as follows (in thousands):
Remaining 2026 $ 144 
2027 10 
2028 — 
2029 — 
2030 — 
Total lease payments $ 154 
Less: imputed interest (1)
Total $ 153 
Schedule of Lease Cost
Lease costs incurred consisted of the following (in thousands):
Three Months Ended June 30, 2026 Three Months Ended June 30, 2025
Operating lease cost $ 209  $ 209 
Variable lease cost —  — 
Short-term lease cost 9,982  7,472 
Total lease cost(1)
$ 10,191  $ 7,681 

Six Months Ended June 30, 2026 Six Months Ended June 30, 2025
Operating lease cost $ 418  $ 1,635 
Variable lease cost —  — 
Short-term lease cost 20,877  16,382 
Total lease cost(1)
$ 21,295  $ 18,017 
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(1)    The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in either lease operating expenses or general and administrative expenses in the accompanying consolidated statements of operations.