Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Summary of Operating Lease Costs Recognized under ASC 842 and Supplemental Cash Flow Information for Leases

The following table contains a summary of the operating lease costs recognized under ASC 842 and supplemental cash flow information for leases:


		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Fixed lease expense		$	193			$	171			$	385			$	297
Total lease cost		$	193			$	171			$	385			$	297

Other information:
Cash paid for amounts included in the measurement of lease liabilities		$	187			$	142			$	373			$	257
Right-of-use assets obtained in exchange for new operating lease liabilities		$	—			$	324			$	1,779			$	324

Summary Balance Sheet Classification of Operating Leases and Weighted Average Remaining Lease Term and Discount Rate

The following table summarizes the balance sheet classification of the Company’s operating leases, amounts of ROU assets and lease liabilities, the weighted average remaining lease term, and the weighted average discount rate for the Company’s operating leases:


		June 30,				December 31,
(in thousands)		2025				2024
Lease assets
Operating lease right-of-use assets		$	2,978			$	3,246
Total lease assets		$	2,978			$	3,246

Lease liabilities
Current:
Operating lease liabilities		$	557			$	523
Non-current:
Operating lease liabilities			2,601				2,890
Total lease liabilities		$	3,158			$	3,413

Weighted-average remaining lease term — operating leases (years)			5.93				6.30
Weighted-average discount rate — operating leases			7.15	%			7.20	%

Summary of Payments by Date for Operating Lease

The following table summarizes the payments by date for the Company’s operating lease, which is then reconciled to the total lease obligation:


As of June 30,		(in thousands)
2025 (remaining six months)		$	375
2026			774
2027			801
2028			701
2029			185
Thereafter			1,021
Total lease payments			3,857
Less: Interest			(699	)
Present value of lease liabilities		$	3,158