The Company leases its corporate headquarters of 21,020 rentable square feet in accordance with a non-cancellable operating lease agreement as amended and effective in January 2017, and the Company entered into a further amendment on September 20, 2023 to exercise the extension option for an additional 60 months through June 30, 2029, with an option to further extend for an additional 60 months. The Company also leases an additional office space of 6,003 rentable square feet in accordance with a non-cancellable operating lease agreement entered into in April 2017, which expired in March 2025. The extension options of such agreements were not included in the determination of the lease terms.

On December 20, 2024, the Company entered into a non-cancellable 80-month operating lease agreement for its new Seattle office space of 6,709 rentable square feet (the "New Seattle Lease Agreement"), with the lease term preliminarily set to commence on May 1, 2025.

For the three months ended March 31, 2025 and 2024, a summary of the Company’s lease information is shown below:


	Three Months Ended March 31,
(In thousands)	2025		2024
Lease cost:
Operating lease costs	$	194	$	194
Other information:
Cash paid for operating leases	$	201	$	194

As of March 31, 2025, the weighted average remaining operating lease term was 4.2 years.

As of March 31, 2025, scheduled future maturities and present value of the operating lease liabilities are as follows:


(In thousands)
Year	March 31, 2025
Remainder of 2025		380
2026		519
2027		737
2028		859
2029		596
2030 and thereafter		663
Total maturities	$	3,754
Less: Lease not yet commenced(1)		1,491
Total maturities, excluding lease not yet commenced	$	2,263
Present value included in consolidated balance sheet:
Current portion of operating lease liabilities	$	343
Noncurrent operating lease liabilities		1,502
Total operating lease liabilities	$	1,845
Difference between the maturities, excluding lease not yet commenced, and related present value of operating lease liabilities	$	418

(1) On December 20, 2024, the Company entered into the New Seattle Lease Agreement, with the lease term preliminarily set to commence on May 1, 2025, at which point the Company will recognize a right-of-use asset and a corresponding lease liability on its consolidated balance sheet under ASC 842. The right-of-use asset and lease liability will be determined based on the pertinent information available as of the commencement date. As of March 31, 2025, the total undiscounted future lease payments for this lease are included into total maturities as presented in the table above, but its lease liability has not been recognized.