The Company has entered into operating leases primarily for commercial buildings. These leases have terms that range from three years to 11 years, some of which include options to extend the leases for up to five years. Rent expense, including short-term lease cost, was $954 and $1,136 for the three months ended June 30, 2025 and 2024, respectively, and $1,916 and $2,210 for the six months ended June 30, 2025 and 2024, respectively.

In July 2023, the Company entered into an Assignment and Assumption of Lease Agreement in which a third party, referred to as the Assignee, assumed the rights, title, and interest in the lease, including assumption of lease payments. Commencing February 1, 2024 and ending May 31, 2031, the Assignee assumed responsibility for the monthly lease payments. Notwithstanding the Assignee's assumption of lease payments, the Company remains the primary obligor under the lease to the landlord.

Lease payments assumed by the Assignee are:


Payments due in the 12-month period ending June 30,
2026	$	1,136
2027		1,136
2028		1,136
2029		1,136
2030		1,136
Thereafter		1,041
Total	$	6,721

Information related to the Company's right-of-use assets and related operating lease liabilities were as follows:


	Six months ended
	June 30,
	2025			2024
Cash paid for operating lease liabilities	$	1,902		$	2,290
Operating lease cost		1,859			2,163
Non-cash right-of-use assets obtained in exchange for new operating lease obligations		1,327			1,566
Weighted-average remaining lease term	3.6 years			2.7 years
Weighted-average discount rate		6.6	%		4.9	%


Maturities of lease liabilities due in the 12-month period ending June 30,
2026	$	3,629
2027		3,924
2028		3,650
2029		3,322
2030		3,306
Thereafter		2,904
		20,735
Less imputed interest		(1,698	)
Total lease liabilities	$	19,037

Operating lease liability - current	$	3,082
Operating lease liability - noncurrent		15,955
Total lease liabilities	$	19,037