Leased Properties (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| Leases [Abstract] |
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| Schedule of Lease Cost |
The components of lease cost recorded in our condensed consolidated statements of operations were as follows: | | | | | | | | | | | | | Three Months Ended
March 31, 2025 | | Three Months Ended
March 31, 2024 | Operating lease cost | $ | 197,000 | | | $ | 200,000 | | Finance lease cost | | | | Amortization of finance lease | 150,000 | | | — | | Interest on finance lease liability | 19,000 | | | — | | Total lease cost | $ | 366,000 | | | $ | 200,000 | |
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| Schedule of Operating Lease Liabilities Maturity |
Maturities of our finance and operating lease liabilities as of March 31, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | Year | | Operating Leases | | Finance Lease | | Total | 2025 (remaining) | | $ | 495,000 | | | $ | 921,000 | | | $ | 1,416,000 | | | 2026 | | 680,000 | | | 1,658,000 | | | 2,338,000 | | | 2027 | | 130,000 | | | — | | | 130,000 | | Total lease payments | | 1,305,000 | | | 2,579,000 | | | 3,884,000 | | Less: amount representing interest | | (133,000) | | | (178,000) | | | (311,000) | | Present value of lease liabilities | | $ | 1,172,000 | | | $ | 2,401,000 | | | $ | 3,573,000 | |
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| Schedule of Finance Lease Liabilities Maturity |
Maturities of our finance and operating lease liabilities as of March 31, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | Year | | Operating Leases | | Finance Lease | | Total | 2025 (remaining) | | $ | 495,000 | | | $ | 921,000 | | | $ | 1,416,000 | | | 2026 | | 680,000 | | | 1,658,000 | | | 2,338,000 | | | 2027 | | 130,000 | | | — | | | 130,000 | | Total lease payments | | 1,305,000 | | | 2,579,000 | | | 3,884,000 | | Less: amount representing interest | | (133,000) | | | (178,000) | | | (311,000) | | Present value of lease liabilities | | $ | 1,172,000 | | | $ | 2,401,000 | | | $ | 3,573,000 | |
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| Schedule of Weighted Average Remaining Lease Terms and Discount Rates |
The weighted-average remaining lease terms and discount rates related to our leases were as follows: | | | | | | | | | | | | | | | | | As of March 31, | | | 2025 | | 2024 | Weighted-average remaining lease term (in years) | | | | | Operating leases | | 2.25 | | 3.17 | Finance lease | | 1.75 | | — | | Weighted-average discount rate | | | | | Operating leases | | 10.5 | % | | 10.5 | % | Finance lease | | 9.5 | % | | — | % |
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| Schedule of Supplemental Cash Flows Information Related to Leases |
Supplemental cash flow information related to our leases was as follows: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2025 | | 2024 | Cash paid for amounts included in the measurement of lease liabilities | | | | | Operating cash flows from operating leases | | $ | 164,000 | | | $ | 159,000 | | Operating cash flows from finance lease | | $ | 19,000 | | | $ | — | | | | | | |
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