v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases Tables [Abstract]  
Information Related to Leases

Information related to leases (in thousands):

 

 

 

Three Months Ended

 

 

Three Months Ended

 

Operating cash flow information:

 

June 30, 2025

 

 

June 30, 2024

 

Operating lease cost

 

$

484

 

 

$

387

 

Operating lease - cash flow

 

$

492

 

 

$

423

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

ROU assets obtained in exchange for lease liabilities

 

$

3,454

 

 

$

-

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

Six Months Ended

 

Operating cash flow information:

 

June 30, 2025

 

 

June 30, 2024

 

Operating lease cost

 

$

945

 

 

$

729

 

Operating lease - cash flow

 

$

956

 

 

$

776

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

ROU assets obtained in exchange for lease liabilities

 

$

3,454

 

 

$

3,818

 

 

 

 

June 30, 2025

 

 

June 30, 2024

 

Weighted-average remaining lease term

 

6.0 years

 

 

4.0 years

 

Weighted-average discount rate

 

 

7

%

 

 

7

%

Future Minimum Lease Payments

Future minimum lease payments under non-cancelable leases as of June 30, 2025:

 

2025 (remaining)

 

 

929

 

2026

 

 

1,817

 

2027

 

 

1,649

 

2028

 

 

1,688

 

2029

 

 

998

 

       Thereafter

 

 

2,077

 

Total future minimum lease payments

 

$

9,158

 

Less: imputed interest

 

 

(1,455

)

Present value of lease liabilities - current

 

 

1,525

 

Present value of lease liabilities - non-current

 

$

6,177