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

The components of lease expense were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

 

(in thousands)

 

Operating lease cost–fixed

 

$

418

 

 

$

321

 

 

$

833

 

 

$

645

 

Operating lease cost–variable

 

 

40

 

 

 

25

 

 

 

84

 

 

 

71

 

Short-term lease expense

 

 

4

 

 

 

4

 

 

 

8

 

 

 

9

 

Total lease expense

 

$

462

 

 

$

350

 

 

$

925

 

 

$

725

 

Summary of Weighted-average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and discount rate were as follows:

 

 

 

June 30, 2025

 

Weighted-average remaining lease term

 

 

6.02

 

Weighted-average discount rate

 

 

6.73

%

Schedule of Future Lease Payments

Future lease payments under non-cancellable leases as of June 30, 2025 were as follows:

 

(in thousands)

 

 

 

Year Ending December 31,

 

 

 

2025

 

$

783

 

2026

 

 

1,532

 

2027

 

 

929

 

2028

 

 

1,050

 

2029

 

 

1,092

 

Thereafter

 

 

2,918

 

Total future lease payments

 

$

8,304

 

Less: imputed interest

 

 

(1,617

)

Total lease liabilities

 

$

6,687