OPERATING LEASES |
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| OPERATING LEASES | 7. OPERATING LEASES The Company leases its facilities and offices under non-cancellable operating lease agreements. These leases are renewable upon negotiation. For the three months ended September 30, 2024 and 2025, cash paid for amounts included in the measurement of lease liabilities was $143 and $141, respectively. For the nine months ended September 30, 2024 and 2025, cash paid for amounts included in the measurement of lease liabilities was $388 and $564, respectively. The operating lease cost and short-term lease cost for the three and nine months ended September 30, 2024 and 2025 were as follows (in thousands):
The weighted average remaining lease term as of December 31, 2024 and September 30, 2025 was 3.73 and 3.07 years, respectively, and the weighted average discount rate of the operating leases was 5.08% and 3.75%, respectively. Maturities of lease liabilities as of September 30, 2025 were as follows (in thousands):
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