Lease Agreements (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of maturity of future rent payments associated with new lease

The following table summarizes the maturity of the Company’s operating lease liabilities as of June 30, 2025 (in thousands):



Year	Rent Payments
2025 (excluding the six months ended June 30, 2025)	$	250
2026		300
2027		91
2028		102
2029		35
Total undiscounted lease payments	$	778
Present value adjustment		(68)
Total net lease liability for operating leases	$	710

Schedule of cost components of operating leases

The following table summarizes the cost components of the Company’s operating leases included in G&A in the condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Lease costs:
Operating lease cost	$	31	$	38	$	64	$	60
Variable lease cost ⁽¹⁾		—		20		1		18
Total lease costs	$	31	$	58	$	65	$	78

(1)Under the terms of the lease agreement, the Company is also responsible for certain variable lease payments that are not included in the measurement of the lease liability. Variable lease payments include non-lease components such as common area maintenance fees.

Summary of supplemental cash flow information related to operating leases

The following table presents supplemental disclosure for the condensed consolidated statements of cash flows related to operating leases (in thousands):

Schedule of assumptions used in calculating the present value of lease payments


	June 30,		December 31,
	2025		2024
Weighted-average remaining lease term	2.20 years		2.52 years
Weighted-average discount rate	8.00	%	8.00	%

Six Months Ended June 30,

Cash paid for amounts included in the measurement of lease liabilities

Operating cash flows under operating leases