v3.25.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of operating lease costs and finance lease costs The table below summarizes the Company’s operating lease costs for the three months ended March 31, 2025 and 2024 (in thousands except for lease terms and borrowing rates):
Three Months Ended March 31,
20252024
Operating lease costs:
Lease expense$609$609
Short-term lease expense1413
Variable lease expense293335
Total operating lease costs$916$957
Other information:
Operating cash flows used for operating leases$1,136$1,103
Weighted-average remaining lease term in years2.43.3
Weighted-average incremental borrowing rate6.73 %6.72 %
The table below summarizes the Company’s finance lease costs for the three months ended March 31, 2025 and 2024 (in thousands except for lease terms and borrowing rates):
Three Months Ended March 31,
Classification20252024
Finance lease costs:
Amortization of ROU assetsDepreciation and amortization$26$49
Interest on lease liabilitiesOther expense39
Total finance lease costs$29$58
Other information:
Operating cash flows used for finance leases$49$89
Weighted-average remaining lease term in years2.41.7
Weighted-average incremental borrowing rate7.92 %8.16 %
Schedule of maturities of operating lease liabilities
Maturities of operating lease liabilities as of March 31, 2025 were as follows (in thousands):
2025 remaining$2,603 
20263,558 
20271,980 
2028264 
Total lease payments8,405 
Less: amount representing imputed interest(635)
Total future minimum lease obligations$7,770 
Schedule of maturities of finance lease liabilities
Maturities of finance lease liabilities as of March 31, 2025 were as follows (in thousands):
2025 remaining$61 
202631 
202731 
Total lease payments123 
Less: amount representing imputed interest(22)
Total future minimum lease obligations$101