XML 37 R27.htm IDEA: XBRL DOCUMENT v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Operating Lease Expense
Operating lease expense, included in rent and occupancy in the unaudited condensed consolidated statements of operations, was as follows (in thousands):
Three Months Ended March 31,
20252024
Operating lease expense$784 $783 
Variable lease expense97 104 
Total operating lease expenses$881 $887 
Sublease income(1)
$105 $95 
(1) Sublease income is included in other income in the unaudited condensed consolidated statements of operations.
Operating Leases
The table below presents additional information related to the Company’s operating leases (in thousands):

As of March 31,
2025
As of December 31,
2024
Weighted-average remaining lease term (in years)4.24.3
Weighted-average discount rate7.2 %7.2 %
Future Undiscounted Lease Payments
Future undiscounted lease payments under operating leases as of March 31, 2025 were as follows (in thousands):

Lease Payment ObligationSublease IncomeNet Lease Obligation
Remaining 2025$2,837 $(206)$2,631 
20261,087 — 1,087 
20271,120 — 1,120 
20281,153 — 1,153 
2029790 — 790 
Total undiscounted lease payments$6,987 $(206)$6,781 
Less: imputed interest(734)
Present value of future lease payments6,253 
Less: operating lease liabilities, current2,759 
Operating lease liabilities, noncurrent$3,494