v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Terms and Discount Rate

The following table summarizes lease terms and discount rate:

 

 

 

June 30,
2025

 

 

December 31,
2024

 

Weighted-average remaining lease term (years)

 

 

3.5

 

 

 

3.8

 

Weighted-average discount rate

 

 

4.74

%

 

 

4.73

%

Schedule of Cash Flow and Other Information

The following table summarizes the cash flow and other information:

 

 

Three Months Ended June 30

 

 

Six Months Ended June 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease liabilities arising from obtaining right-of-use assets (non-cash)

 

$

111

 

 

$

73

 

 

$

254

 

 

$

235

 

Operating cash flows used in operating leases

 

$

408

 

 

$

421

 

 

$

843

 

 

$

768

 

Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases

As of June 30, 2025, the Company had the following future minimum lease payments under non-cancelable operating leases for the remainder of 2025 and the future years thereafter (in thousands):

 

Year ending December 31:

 

 

 

2025

 

$

300

 

2026

 

 

1,108

 

2027

 

 

1,599

 

2028

 

 

1,089

 

2029

 

 

838

 

Thereafter

 

 

639

 

Total lease payments

 

 

5,573

 

Less: interest

 

 

(445

)

Total lease liability

 

$

5,128

 

Lease liabilities, current

 

$

1,516

 

Lease liabilities, net of current portion

 

$

3,612