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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Lessee Disclosure [Abstract]  
Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to operating leases was as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities

$

47

 

 

$

139

 

 

Schedule of Present Value Assumptions used in Calculating Present Value of Lease Payments

The present value assumptions used in calculating the present value of the lease payments were as follows:

 

 

March 31, 2025

 

 

December 31, 2024

 

Weighted-average remaining lease term

2.1 years

 

 

2.3 years

 

Weighted-average discount rate

 

4.76

%

 

 

4.76

%

Schedule of Maturity of Operating Lease Liabilities

As of March 31, 2025, undiscounted future minimum payments under the Company’s operating leases were as follows (in thousands):

 

 

Amount

 

Remaining in 2025

$

743

 

2026

 

638

 

2027

 

279

 

Total undiscounted lease payments

 

1,660

 

Less: imputed interest

 

(75

)

Total lease liabilities

 

1,585

 

Less: current portion of lease liabilities

 

(805

)

Lease liabilities, net of current portion

$

780