Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases

Supplemental balance sheet information

Supplemental balance sheet information related to leases was as follows (in thousands):

	March 31, 2025		December 31, 2024
Operating leases:
Operating lease right-of-use assets	$	4,163	$	4,278
Operating lease liabilities, current portion	$	—	$	63
Operating lease liabilities, net of current portion		4,770		4,769
Total operating lease liabilities	$	4,770	$	4,832

Schedule of other information related to the operating lease

	March 31, 2025		December 31, 2024
Weighted-average remaining lease term (in years)		8.00		8.15
Weighted-average discount rate		9.6%		9.5%

Supplemental cash flow information

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

	Three Months Ended March 31,
	2025		2024
Cash paid for operating lease liabilities	$	264	$	63

Schedule of future minimum lease payments under operating lease

The Company’s future minimum lease payments were as follows as of March 31, 2025 (in thousands):

Years ending December 31,	Amount
2025 (represents remaining nine months in 2025)	$	665
2026		1,304
2027		1,577
2028		1,616
2029 and thereafter		7,333
Total lease payments		12,495
Less: imputed interest		(4,000)
Less: tenant improvement allowance not yet received		(3,725)
Present value of operating lease liabilities	$	4,770