v3.25.2
Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2024
Summary of components of Lease Costs
As of December 31, 2024 and 2023, the weighted-average remaining lease term and discount rate related to the operating lease ROU assets and related lease liabilities were as follows:
 
    
As of
December 31,
 
    
2024
   
2023
 
Weighted-average remaining lease term — operating leases (in years)
     1.8       2.5  
Weighted-average discount rate — operating leases
     10.58     10.47
Summary of Future Minimum Lease Payments for Operating Lease
The following table sets forth the remaining maturities of operating lease liabilities as of December 31, 2024 (in thousands):
 
2025
   $ 310  
2026
     246  
 
 
 
 
 
Total future minimum lease payments
     556  
Less: amount of lease payments representing interest
     (8
 
 
 
 
 
Total lease liabilities
     548  
Less: lease liabilities, current
     (309
 
 
 
 
 
Lease liabilities,
non-current
   $ 239  
 
 
 
 
 
Supplemental Cash Flow Information Related to the Operating Leases
Supplemental cash flow information related to the operating leases was as follows (in thousands):
 
    
As of
December 31,
 
    
2024
    
2023
 
Cash paid for operating leases
   $ 513      $ 712  
IKENA ONCOLOGY INC  
Summary of components of Lease Costs
The components of the lease costs under ASC 842 were as follows (in thousands):
 
    
Year Ended
December 31,
 
    
2024
    
2023
 
Operating lease costs
   $ 2,758      $ 2,316  
Variable lease costs
     1,540        889  
  
 
 
    
 
 
 
Total lease costs
   $ 4,298      $ 3,205  
  
 
 
    
 
 
 
Summary of Supplemental Cash Flow Information Relating to the Company's Leases
Supplemental disclosure of cash flow information related to the Company’s leases were as follows (in thousands):
 
    
Year Ended
December 31,
 
    
2024
    
2023
 
Cash paid for amounts included in the measurement of operating lease liability
   $ 4,079      $ 2,534  
Summary of Weighted-Average Remaining Lease Terms and Discount Rate
The weighted-average remaining lease terms and discount rates related to the Company’s leases were as follows:
 
    
December 31,
 
    
2024
   
2023
 
Weighted-average remaining lease term — operating leases (in years)
     2.0       3.0  
Weighted-average discount rate — operating leases
     7.8     7.8
Summary of Future Minimum Lease Payments for Operating Lease
The future minimum lease payments for the Company’s operating lease as of December 31, 2024, were as follows (in thousands):
 
Years ending December 31,
      
2025
   $ 4,212  
2026
     3,171  
2027
     720  
  
 
 
 
Total minimum lease payments
     8,103  
Less: imputed interest
     (582
  
 
 
 
Total operating lease liability
   $ 7,521  
  
 
 
 
Schedule of Operating Lease Liabilities on Consolidated Balance Sheets
The following table represents operating lease liabilities on the consolidated balance sheets (in thousands):
 
    
December 31,
2024
 
Operating lease liability
   $ 3,784  
Long-term portion of operating lease liability
     3,737  
  
 
 
 
Total operating lease liability
   $ 7,521