v3.25.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Balance Sheet Information Related to Leases
The following table provides balance sheet information related to leases as of March 31, 2025 (amounts in thousands):
March 31, 2025
Assets:
Operating lease, right-of-use asset$10,778 
Liabilities:
Current portion of operating lease liabilities$629 
Operating lease liabilities, net of current portion8,115 
Total operating lease liabilities$8,744 
Schedule of Lease, Cost The following table summarizes supplemental information related to leases as of March 31, 2025:
March 31, 2025
Weighted-average remaining lease term7.8 years
Weighted-average discount rate11.97 %
The components of the Company’s lease costs are classified on its consolidated statements of operations as follows (amounts in thousands):
Three Months Ended
March 31, 2025
Three Months Ended
March 31, 2024
Operating lease cost$499 $499 
Variable lease cost22 5 
Short term lease cost10 1 
Sublease income
(88)(88)
Total operating lease cost$443 $417 
Schedule of Lessee, Operating Lease, Liability, Maturity
Future lease payments and sublease income under non-cancelable operating leases as of March 31, 2025 were as follows (amounts in thousands):

Operating LeasesSublease Income
Year ending:
2025$1,225 $267 
20261,667 362 
20271,700 370 
20281,734 345 
20291,769 — 
Thereafter5,521 — 
Total$13,616 $1,344 
Less: Imputed interest
(4,872)
Present value of lease liabilities$8,744 
Less: current portion(629)
Lease liabilities, net of current portion$8,115