5. LEASES

OPERATING AND FINANCE LEASES

Total operating lease expenses for the three and nine months ended September 30, 2026 were $279 and $1,933, respectively. Of these amounts, $279 and $1,273, respectively, were recorded in other operating expenses and $0 and $660, respectively, were recorded in cost of car-sharing revenue on the condensed consolidated statements of operations. Total operating lease expenses for the three and nine months ended September 30, 2025 were $978 and $3,002, respectively. Of these amounts, $532 and $1,762, respectively, were recorded in other operating expenses and $446 and $1,240, respectively, were recorded in cost of car-sharing revenue on the condensed consolidated statements of operations. Operating lease expenses consist of rent expense, common area maintenance adjustments and other expenses. 

In June 2026, the Company terminated its lease for its facility located at 17301 Melford Boulevard, Bowie, Maryland and accrued a lease termination fee. The Company derecognized the operating lease right-of-use asset and corresponding lease liabilities and recognized a gain on lease termination of $193 within other operating expenses during the nine months ended September 30, 2026.

Supplemental cash flows information related to leases was as follows:

Future minimum payments under non-cancellable leases as of  September 30, 2026 were as follows:

SUBLEASE

In January 2026, the Company commenced a sublease of a portion of its facility located at 5081 Howerton Way, Bowie, Maryland. The sublease has a term through March 31, 2031, and rent commenced February 1, 2026 following an initial abatement period. Under the sublease, aggregate base rental income is approximately $2,286 over the sublease term. In connection with the sublease, the Company received from the sublessee an irrevocable letter of credit of approximately $70, equal to the first and last months’ base rent, as security for the sublessee’s obligations under the sublease. The letter of credit is reducible to approximately $26 on the second anniversary of the rent commencement date, subject to no defaults. The income received from this sublease is recorded as an offset to the rent expense in the income statement for the three and nine months ended September 30, 2026.

The following table presents future undiscounted sublease payments to be received as of  September 30, 2026: