v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases  
Schedule of lease cost, weighted average remaining lease term and discount rates

Three Months Ended March 31, 

    

Classification

    

2025

    

2024

Operating lease cost:

 

Fixed lease cost

 

General and administrative

$

314

$

19

Fixed lease cost

 

Research and development

175

Finance lease cost:

 

  

 

 

Amortization of lease assets

 

General and administrative

 

22

 

Amortization of lease assets

 

Research and development

 

 

22

Interest on lease liabilities

 

Interest expense

 

1

 

2

Total Lease Cost

$

337

$

218

The weighted average remaining lease term and discount rates as of March 31, 2025 were as follows:

Weighted average remaining lease term (years):

    

Operating leases

 

6.8

Weighted average discount rate:

 

  

Operating leases

 

15.2

%

Schedule of future minimum operating lease payments

The future minimum operating lease payments as of March 31, 2025, were as follows:

    

Year ending December 31:

Total

2025 (nine months remaining)

$

1,029

2026

 

1,442

2027

 

1,643

2028

 

1,692

2029

 

1,743

Thereafter

 

3,644

Total minimum lease payments

 

11,193

Less: interest

 

(4,335)

Present value of lease liabilities

$

6,858