Commitments (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Supplemental Balance Sheet and Other Information related to Operating and Finance Leases

Supplemental balance sheet and other information related to our operating and finance leases as of December 31, 2024 and December 31, 2023 were as follows:

(in thousands)
Leases	Classification	December 31, 2024			December 31, 2023
Assets
Operating	Operating lease right-of-use assets	$	28,699		$	30,412
Finance	Property and equipment, net		523			—
Total leased assets		$	29,222		$	30,412
Liabilities
Current:
Operating	Current liabilities, operating lease liability	$	2,492		$	1,481
Finance	Current liabilities, finance lease liability		208			—
Non-Current:
Operating	Operating lease liability		15,325			15,407
Total lease liabilities		$	18,025		$	16,888
Weighted-average discount rate
Operating lease			15.0	%		15.0	%
Finance lease			10.5	%
Weighted-average remaining lease term (years)
Operating lease			12.4			13.5
Finance lease			0.3

Schedule of Supplemental Cash Flow Information related to leases

Supplemental cash flow information related to our leases for the twelve months ended December 31, 2024 and 2023 were as follows:

	Year Ended December 31,
(in thousands)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating lease	$	1,583	$	1,928
Operating cash flows from finance lease	30			—
Financing cash flows from finance lease	395			—
Non-cash transaction
Right-of-use asset obtained in exchange for lease obligations:
Operating lease		—		16,680
Finance lease	603			—

Chestnut Run Lease

Schedule of Future Minimum Annual Lease Payments Under Operating and Finance Lease

(in thousands)	Operating lease			Finance lease
2025	$	2,708		$	213
2026		2,973			-
2027		3,047			-
2028		3,124			-
2029		3,202			-
Thereafter		26,376			-
Total undiscounted lease payments		41,430			213
Less imputed interest		(23,613	)		(5	)
Lease liability	$	17,817		$	208