v3.25.1
Commitment and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease, Cost
For the years ended December 31, 2024, 2023 and 2022, the Company recorded the following lease expenses:
Year Ended December 31,
202420232022
(in thousands)
Operating lease expense$1,006 $953 $953 
Variable lease payments322 401 408 
Total lease expense$1,328 $1,354 $1,361 
Additional information related to the Company’s operating lease is as follows:
Year Ended December 31,
202420232022
($ in thousands)
Operating cash outflows$927$896$871
ROU assets obtained in exchange for new lease liabilities$594$—$—
Weighted average remaining lease term (in years)4.235.086.08
Weighted average discount rate8.58 %7.72 %7.72 %
Schedule of Assets and Liabilities, Lessee
The current and non-current lease liabilities are reflected in Other current liabilities and Operating lease liabilities, respectively, on the Company’s Consolidated Balance Sheets, as follows:
December 31,
20242023
(in thousands)
Other current liabilities$779 $632 
Operating lease liabilities3,273 3,450 
Total operating lease liability$4,052 $4,082 
Schedule of Lessee, Operating Lease, Liability, Maturity
The maturity of the Company’s operating lease liabilities as of December 31, 2024 is as follows:
(in thousands)
2025$1,044 
20261,101 
20271,142 
20281,171 
2029241 
Thereafter13 
Total undiscounted liabilities4,712 
Less: Imputed interest660 
Present value of lease liabilities$4,052 
Long-Term Purchase Commitment
The Company has entered into a non-cancellable minimum purchase commitment for third-party credit data services. The expected payments for the minimum purchase commitment at December 31, 2024 were as follows:
(in thousands)
2025$2,000 
20262,000 
20272,000 
Total purchase commitments
$6,000