v3.25.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Summary of Components of Lease Expenses

The components of lease expense for the three months ended March 31, 2025 and 2024 were as follows:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

Operating Lease Cost

 

$

1,532

 

 

$

1,529

 

 

Financing Lease Cost:

 

 

 

 

 

 

 

Amortization of ROU assets

 

$

32

 

 

$

33

 

 

Interest on lease liabilities

 

 

3

 

 

 

4

 

 

Total

 

$

1

 

 

$

37

 

 

Summary of Future Minimum Lease Payments and Rentals under Lease Agreements For Office Space

Future minimum lease payments and rentals under lease agreements for office space are as follows:

 

 

Operating Leases

 

 

Non-cancellable
Subleases

 

 

Operating Lease
Liabilities

 

Remainder of 2025

 

$

4,969

 

 

$

(40

)

 

$

4,929

 

2026

 

 

6,748

 

 

 

0

 

 

 

6,748

 

2027

 

 

6,715

 

 

 

 

 

 

6,715

 

2028

 

 

5,112

 

 

 

 

 

 

5,112

 

2029

 

 

498

 

 

 

 

 

 

498

 

Thereafter

 

 

1,594

 

 

 

 

 

 

1,594

 

Total

 

$

25,636

 

 

$

(40

)

 

$

25,596

 

Weighted-average remaining lease term – operating leases (months)

 

 

 

 

 

 

 

 

46.8

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

4.7

%

Assets Relating to Finance Leases Included in Equipment

The assets relating to finance leases that are included in equipment as of March 31, 2025 and December 31, 2024 are as follows:

 

 

March 31,
2025

 

 

December 31,
2024

 

Finance lease assets included in furniture and equipment

 

$

555

 

 

$

555

 

Less: Accumulated depreciation and amortization

 

 

(334

)

 

 

(301

)

 

$

221

 

 

$

254

 

Summary of Future Minimum Lease Payments under Finance Leases

Future minimum lease payments under finance leases are as follows:

 

 

Future Minimum Lease
Commitments

 

Remainder of 2025

 

$

94

 

2026

 

 

87

 

2027

 

 

47

 

2028

 

 

 

2029

 

 

 

Thereafter

 

 

 

Total

 

$

228

 

Weighted-average remaining lease term – finance leases (months)

 

 

25.1

 

Weighted-average discount rate

 

 

5.3

%