v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Amounts Reported In The Balance Sheet In Respect Of Operating Lease Assets And Corresponding Liabilities

Amounts reported in the unaudited condensed consolidated balance sheet for leases where the Company is the lessee as of June 30, 2025 and December 31, 2024 were as follows (in thousands):

 

 

June 30,
2025

 

 

December 31,
2024

 

Assets:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

5,416

 

 

$

5,722

 

Total operating lease right-of-use assets

 

$

5,416

 

 

$

5,722

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease liabilities

 

$

651

 

 

$

612

 

Noncurrent:

 

 

 

 

 

 

Operating lease liabilities, net of current portion

 

 

5,296

 

 

 

5,636

 

Total operating lease liabilities

 

$

5,947

 

 

$

6,248

 

Schedule of Operating Lease Cost and Variable Lease Costs and Sub Lease Income

The following table summarizes operating lease costs for the six months ended June 30, 2025 and 2024 (in thousands):

 

 

June 30,

 

 

2025

 

 

2024

 

Fixed lease costs

 

$

530

 

 

$

514

 

Variable lease costs

 

 

386

 

 

 

277

 

Total lease costs

 

$

916

 

 

$

791

 

Schedule of Maturities of Operating Lease Liabilities Future minimum lease payments under non-cancelable lease agreement as of June 30, 2025 and a reconciliation to the carrying amount of the lease liabilities presented in the consolidated balance sheet are as follows (in thousands):

 

 

Minimum
Rental
Payments

 

2025

 

$

530

 

2026

 

 

1,092

 

2027

 

 

1,124

 

2028

 

 

1,158

 

2029

 

 

1,193

 

Thereafter

 

 

2,494

 

Total minimum lease payments

 

 

7,591

 

Less imputed interest

 

 

(1,644

)

Total lease liability

 

$

5,947

 

Lease liability, current portion

 

 

651

 

Lease liability, net of current portion

 

 

5,296

 

Total

 

$

5,947