XML 38 R23.htm IDEA: XBRL DOCUMENT v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 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 June 30Six Months Ended June 30,
2025202420252024
Operating lease expense$594 $923 $1,379 $1,706 
Variable lease expense126 97 223 201 
Total operating lease expenses$720 $1,020 $1,602 $1,907 
Sublease income(1)
$137 $95 $242 $191 
(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 June 30,
2025		As of December 31,
2024
Weighted-average remaining lease term (in years)4.14.3
Weighted-average discount rate7.2 %7.2 %
Future Undiscounted Lease Payments
Future undiscounted lease payments under operating leases as of June 30, 2025 were as follows (in thousands):

Lease Payment ObligationSublease IncomeNet Lease Obligation
Remaining 2025$1,796 $(87)$1,709 
20261,071 — 1,071 
20271,103 — 1,103 
20281,136 — 1,136 
2029774 — 774 
Total undiscounted lease payments$5,880 $(87)$5,793 
Less: imputed interest(617)
Present value of future lease payments5,263 
Less: operating lease liabilities, current2,032 
Operating lease liabilities, noncurrent$3,231