Equipment and Facility Leases (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Lease Costs and Other Information to Company's Finance and Operating Liabilities

The following table contains a summary of the lease costs recognized and other information pertaining to the Company’s finance and operating leases for the three months ended March 31, 2026 and 2025 (in thousands):


	Three Months Ended March 31,
	2026		2025
Lease Cost
Amortization of finance right-of-use assets	$	108	$	240
Interest on finance lease liabilities		8		28
Operating lease cost		229		307
Short-term lease cost		16		65
Variable lease cost		28		30
Total lease cost	$	389	$	670


	March 31, 2026
Other Lease Information
Cash paid for amounts included in the measurement of lease liability – finance leases	$	8
Cash paid for amounts included in the measurement of lease liability – operating leases	$	112
Weighted-average remaining lease term – finance leases (years)		0.74
Weighted-average remaining lease term – operating leases (years)		2.38
Weighted-average discount rate – finance leases		13.8	%
Weighted-average discount rate – operating leases		14.8	%

Schedule of Reconciliation of Undiscounted Cash Flows to Operating and Financing Lease Liabilities

The following table reconciles the undiscounted cash flows to the operating and finance lease liabilities at March 31, 2026 (in thousands):


	Finance Leases		Operating Leases
Remainder of 2026	$	198	$	811
2027		—		1,019
2028		—		680
2029		—		66
Total lease payment		198		2,576
Less: interest		9		411
Total lease liabilities		189		2,165
Less: short-term lease liability		189		839
Long-term lease liability	$	—	$	1,326

IN8BIO, INC. 10-Q