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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Amounts Reported In The Balance Sheet In Respect Of Operating Lease Assets And Corresponding Liabilities

Amounts reported in the consolidated balance sheet for leases where the Company is the lessee as of December 31, 2024 and December 31, 2023 were as follows (in thousands):

 

 

December 31,

 

 

 

2024

 

 

2023

 

Assets:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

5,722

 

 

$

6,301

 

Total operating lease right-of-use assets

 

$

5,722

 

 

$

6,301

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease liabilities

 

$

612

 

 

$

538

 

Noncurrent:

 

 

 

 

 

 

Operating lease liabilities, net of current portion

 

 

5,636

 

 

 

6,248

 

Total operating lease liabilities

 

$

6,248

 

 

$

6,786

 

Schedule of Operating Lease Cost and Variable Lease Costs and Sub Lease Income

The following table summarizes operating lease costs for the years ended December 31, 2024 and 2023 (in thousands):

 

 

December 31,

 

 

2024

 

 

2023

 

Fixed lease costs

 

$

1,029

 

 

$

999

 

Variable lease costs

 

 

43

 

 

 

73

 

Total lease costs

 

$

1,072

 

 

$

1,072

 

Schedule of Maturities of Operating Lease Liabilities Future minimum lease payments under non-cancelable lease agreement as of December 31, 2024 and a reconciliation to the carrying amount of the lease liabilities presented in the consolidated balance sheet are as follows (in thousands):

 

 

Minimum
Rental
Payments

 

2025

 

$

1,060

 

2026

 

 

1,092

 

2027

 

 

1,124

 

2028

 

 

1,158

 

2029

 

 

1,193

 

Thereafter

 

 

2,494

 

Total minimum lease payments

 

 

8,121

 

Less imputed interest

 

 

(1,873

)

Total lease liability

 

$

6,248

 

Lease liability, current portion

 

 

612

 

Lease liability, net of current portion

 

 

5,636

 

Total

 

$

6,248