v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Summary of Lease Cost

The Company’s recognized lease costs include:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Statements of Operations and Comprehensive Loss

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost(1)

 

$

159

 

 

$

183

 

 

$

322

 

 

$

366

 

Sublease income(1)

 

$

52

 

 

 

 

 

 

103

 

 

 

 

(1)
Operating lease cost and sublease income are recorded within general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss.

The following table presents information about our weighted average discount rate and remaining lease term as of:

 

June 30, 2025

 

 

December 31, 2024

 

Weighted-average remaining lease term (months)

 

18.0

 

 

 

24.0

 

Weighted-average discount rate

 

7.6

%

 

 

7.6

%

Summary of Maturities of Lease Payments Under Non-Cancelable Leases Maturities of lease payments under the non-cancelable lease were as follows:

(in thousands)

 

June 30, 2025

 

Remainder of 2025

 

$

364

 

2026

 

 

756

 

Total lease payments

 

 

1,120

 

Less imputed interest

 

 

(34

)

Present value of lease liabilities

 

$

1,086