Leases |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Leases On January 8, 2019, the Company entered into a ten-year non-cancelable operating lease agreement, expiring on August 31, 2030, for office space located at 11 Dupont Circle NW, Washington, DC 20036. The lease includes one option to renew, but the renewal is not deemed to be reasonably assured as of December 31, 2025. Our lease agreement does not contain any material residual value guarantees or material restrictive covenants. Operating lease expense was $0.8 million for the years ended December 31, 2025 and 2024. As of December 31, 2025, our lease had a remaining lease term of 4.7 years and a discount rate of 7.5%. Future lease payments as of December 31, 2025 were as follows (in thousands):
Other information related to our lease for the years ended December 31, 2025 and 2024 is as follows (in thousands):
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