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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense and Other Information The components of lease expense and other information for three months ended March 31, 2025 and 2024 were as follows.

 

 

 

Three Months Ended March 31,

 

 

 

 

2025

 

 

2024

 

 

 

 

(in thousands)

 

 

Operating lease costs

 

$

82

 

 

$

64

 

 

Variable lease costs

 

 

36

 

 

 

13

 

 

Short-term lease costs

 

 

10

 

 

 

10

 

 

    Total lease costs

 

 

128

 

 

 

87

 

 

Other information:

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liability

 

$

118

 

 

$

77

 

 

Schedule of Future Minimum Rental Payments under Operating Leases

The following represents the Company’s minimum annual rental payments under operating leases for each of the next five years and thereafter:

 

Fiscal Year Ending December 31,

 

Operating

 

 

 

(in thousands)

 

 2025 (remaining)

 

 

193

 

 2026

 

 

78

 

 2027

 

 

78

 

 2028

 

 

33

 

 2029

 

 

 

Thereafter

 

 

 

Total future minimum lease payments

 

 

382

 

Less: imputed interest

 

 

(34

)

Present value of operating lease liability

 

$

348

 

 

 

 

Less: current portion of lease liability

 

 

194

 

Non-current portion of lease liability

 

 

154

 

Present value of operating lease liability

 

$

348