v3.25.1
Lease (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Total Lease Expense

The following table summarizes total lease expense during the years ended December 31, 2024 and 2023 (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

Straight-line operating lease expense

 

$

 

1,150

 

 

$

 

1,297

 

Short-term lease expense

 

 

 

—

 

 

 

 

164

 

Variable lease expense

 

 

 

382

 

 

 

 

140

 

Total operating lease expense

 

$

 

1,532

 

 

$

 

1,601

 
Summary of Supplemental Cash Flow Information

The following table summarizes supplemental cash flow information during the year ended December 31, 2024 and 2023 (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

 

1,162

 

 

$

 

1,231

 

Supplemental noncash information on lease liability arising from obtaining a right-use-asset

 

 

 

—

 

 

 

 

896

 
Summary of Future Minimum Lease Payments

The following table summarizes the Company’s future minimum lease payments and reconciliation of lease liabilities as of December 31, 2024 (in thousands):

 

Years Ended December 31,

 

 

 

 

2025

 

$

 

1,245

 

2026

 

 

 

263

 

Total future minimum lease payments

 

 

 

1,508

 

Less: Interest

 

 

 

(79

)

Total lease liabilities at present value

 

 

 

1,429

 

Lease liabilities, current

 

 

 

1,172

 

Lease liabilities, non-current

 

$

 

257

 
Summary of Lease Term and Discount Rate

The following table summarizes lease term and discount rate as of December 31, 2024 and 2023:

 

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

Weighted-average remaining lease term (years)

 

 

1.27

 

 

 

2.25

 

Weighted-average discount rate

 

 

9.00

%

 

 

9.00

%