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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2024, were as follows:

 

 

 

Operating
Lease

 

 

Finance
Lease

 

Year ending December 31:

 

 

 

 

 

 

2025

 

$

3,671

 

 

$

63

 

2026

 

 

3,792

 

 

 

42

 

2027

 

 

1,434

 

 

 

-

 

2028

 

 

155

 

 

 

-

 

2029

 

 

-

 

 

 

-

 

Thereafter

 

 

-

 

 

 

-

 

 

 

 

9,052

 

 

 

105

 

Less: imputed interest

 

 

(835

)

 

 

53

 

Present value of lease liabilities

 

 

8,217

 

 

 

158

 

Less: current portion

 

 

(3,422

)

 

 

(36

)

Lease liabilities, net of current portion

 

$

4,795

 

 

$

122

 

Summary of Components of lease Expense

The components of lease expense were as follows for the years ended December 31, 2024 and 2023:

 

 

 

2024

 

 

2023

 

Operating lease cost

 

$

1,931

 

 

$

2,321

 

Finance lease cost:

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

56

 

 

$

84

 

Interest on lease liabilities

 

 

7

 

 

 

11

 

Total finance lease cost

 

$

63

 

 

$

95

 

Summary of Additional Information Related to the Leases

Additional information related to the Company’s leases was as follows as of December 31:

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Operating Lease:

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

1.78

 

 

 

3.38

 

Weighted-average discount rate

 

 

8.90

%

 

 

7.94

%

Finance Lease:

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

1.67

 

 

 

2.67

 

Weighted-average discount rate

 

 

3.59

%

 

 

5.57

%