Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

Note 7. Leases

The Company leases office space, warehouse and manufacturing space, and equipment. The Company’s lease agreements have remaining lease terms of one year to 13 years, and some of these leases have renewal and termination options exercisable at the Company’s election. Terms and conditions to extend or terminate such leases are recognized as part of the right-of-use assets and lease liabilities where reasonably certain to be exercised. All of the Company’s leases are operating leases.

The components of lease expense and other information related to leases were as follows (in thousands):
 

	For the Year Ended December 31,
	2024		2023
Operating lease expense	$	2,981	$	2,678
Variable lease expense		434		219
Total lease expense	$	3,415	$	2,897

Cash paid for amounts included in the measurement of the lease liabilities was $2.8 million in each of the years ended December 31, 2024 and 2023. The weighted-average discount rate was 5.0% and the weighted-average remaining lease term was 8.1 years as of December 31, 2024.

Maturities of operating lease liabilities at December 31, 2024, were as follows (in thousands):

	Amount
2025	$	2,563
2026		2,621
2027		2,625
2028		2,478
2029		2,545
Thereafter		7,750
Total lease payments		20,582
Less: imputed interest		(3,898	)
Present value of lease liabilities		16,684
Less: current portion		(1,800	)
Lease liabilities less current portion	$	14,884