v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Leases in Financial Statement

The following table shows right-of-use assets and lease liabilities and the associated financial statement line items as of June 30, 2025 and December 31, 2024 (in thousands):

 

 

 

 

June 30,

 

 

December 31,

 

Lease-Related Assets and Liabilities

 

Financial Statement Line Items

 

2025

 

 

2024

 

Right-of-use assets:

 

 

 

 

 

 

 

 

Operating leases

 

Other assets

 

$

313

 

 

$

613

 

Finance leases

 

Property and equipment, net

 

 

542

 

 

 

699

 

Total right-of-use assets

 

 

 

$

855

 

 

$

1,312

 

 

 

 

 

 

 

 

 

Lease liabilities:

 

 

 

 

 

 

 

 

Operating leases

 

Accrued and other current liabilities

 

$

328

 

 

$

644

 

Finance leases

 

Finance lease obligation, current portion

 

 

23

 

 

 

194

 

 

Finance lease obligation, net of current portion

 

 

 

 

 

2

 

Total lease liabilities

 

 

 

$

351

 

 

$

840

 

Schedule of Lease Cost and Other Information

Lease costs and other information consisted of the following (in thousands, except terms and rates):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

78

 

 

$

78

 

 

$

157

 

 

$

157

 

Interest on lease liabilities

 

 

1

 

 

 

8

 

 

 

3

 

 

 

17

 

Operating lease cost

 

 

159

 

 

 

159

 

 

 

318

 

 

 

318

 

Total lease cost

 

$

238

 

 

$

245

 

 

$

478

 

 

$

492

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Finance leases:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash outflows

 

$

1

 

 

$

8

 

 

$

3

 

 

$

17

 

Financing cash outflows

 

$

58

 

 

$

109

 

 

$

173

 

 

$

217

 

Weighted-average remaining lease term (in years)

 

 

0.2

 

 

 

0.9

 

 

 

0.2

 

 

 

0.9

 

Weighted-average discount rate

 

 

8.0

%

 

 

6.6

%

 

 

8.0

%

 

 

6.6

%

Operating leases:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash outflows

 

$

166

 

 

$

162

 

 

$

333

 

 

$

323

 

Weighted-average remaining lease term (in years)

 

 

0.5

 

 

 

1.5

 

 

 

0.5

 

 

 

1.5

 

Weighted-average discount rate

 

 

7.5

%

 

 

7.5

%

 

 

7.5

%

 

 

7.5

%

Schedule of Future Minimum Lease Payments

Future minimum lease payments for the Company’s leases as of June 30, 2025, were as follows (in thousands):

 

 

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

2025

 

$

333

 

 

$

22

 

 

$

355

 

2026

 

 

 

 

 

2

 

 

 

2

 

2027 and thereafter

 

 

 

 

 

 

 

 

 

Total minimum lease payments

 

 

333

 

 

 

24

 

 

 

357

 

Less: imputed interest

 

 

(5

)

 

 

(1

)

 

 

(6

)

Present value of future lease payments

 

 

328

 

 

 

23

 

 

 

351

 

Less: current portion

 

 

(328

)

 

 

(23

)

 

 

(351

)

Long-term portion

 

$

 

 

$

 

 

$