v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Summary of Balance Sheet classification of lease assets and related lease liabilities
The following table summarizes the balance sheet classification of the lease assets and related lease liabilities:
 
    
June 30, 2025
    
December 31, 2024
 
    
(in thousands)
 
Assets:
     
Long-term operating lease
right-of-use
assets
   $ 3,192      $ 3,832  
  
 
 
    
 
 
 
Liabilities:
     
Short-term operating lease liability
   $ 1,313      $ 1,265  
Long-term operating lease liability
     1,825        2,486  
  
 
 
    
 
 
 
Total Liabilities
   $ 3,138      $ 3,751  
  
 
 
    
 
 
 
Schedule of Minimum Future Rental Payments
Future minimum rental payments for office facilities and equipment under the Company’s noncancelable operating leases are as follows:
 
    
Amount as of
June 30, 2025
 
    
(in thousands)
 
2025 (for remainder of year)
   $ 725  
2026
     1,440  
2027
     775  
2028
     259  
2029
     196  
Thereafter
     —   
  
 
 
 
Total
   $ 3,395  
Less: Imputed interest
     (257
  
 
 
 
Present value of operating lease liabilities
   $ 3,138