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Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Cost Components of Operating Lease

The cost components of the operating leases were as follows for the three and six months ended June 30, 2025 and 2024:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

 

$

409

 

 

$

411

 

 

$

817

 

 

$

823

 

Variable lease expense(1)

 

 

207

 

 

 

205

 

 

 

407

 

 

 

413

 

 

(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.
Schedule of Weighted Average Remaining Lease Term and Discount Rate

The following table presents the weighted average remaining lease term, and the weighted average discount rates related to leases as of June 30, 2025 and 2024:

 

 

 

June 30,

 

 

 

June 30,

 

 

 

 

2025

 

 

 

2024

 

 

Lease Term and Discount Rate

 

 

 

 

 

 

 

 

Weighted average remaining lease
   term (years)

 

 

6.0

 

 

 

 

6.9

 

 

Weighted average discount rate

 

 

3.8

%

 

 

 

3.9

%

 

Future Minimum Lease Payments

Future minimum lease payments as of June 30, 2025 were as follows:

 

Year ending December 31:

 

2025

 

 

878

 

2026

 

 

1,808

 

2027

 

 

1,796

 

2028

 

 

1,096

 

2029

 

 

1,147

 

2030 and thereafter

 

 

3,023

 

Total future minimum lease payments

 

 

9,748

 

Less: imputed interest

 

 

(1,033

)

Present value of lease liabilities

 

$

8,715