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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Cost Components of Operating Lease

The cost components of the operating leases were as follows for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Lease Cost

 

 

 

 

 

 

Operating lease expense

 

$

408

 

 

$

412

 

Variable lease expense(1)

 

 

200

 

 

 

208

 

Lease Term and Discount Rate

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

6.2

 

 

 

7.1

 

Weighted average discount rate

 

 

3.8

%

 

 

3.9

%

 

(1)
Variable lease costs are payments that vary because of changes in facts or circumstances and include common area maintenance and property taxes related to the premises. Variable lease costs are excluded from the calculation of minimum lease payments.
Future Minimum Lease Payments

Future minimum lease payments as of March 31, 2025 were as follows:

 

Year ending December 31:

 

2025

 

$

1,270

 

2026

 

 

1,754

 

2027

 

 

1,739

 

2028

 

 

1,036

 

2029

 

 

1,084

 

2030 and thereafter

 

 

2,858

 

Total future minimum lease payments

 

$

9,741

 

Less: imputed interest

 

 

(1,066

)

Present value of lease liabilities

 

$

8,675