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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases Tables [Abstract]  
Information Related to Leases

Information related to leases (in thousands):

 

 

 

Three Months Ended

 

 

Three Months Ended

 

Operating cash flow information:

 

March 31, 2025

 

 

March 31, 2024

 

Operating lease cost

 

$

461

 

 

$

343

 

Operating lease - cash flow

 

$

464

 

 

$

369

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

ROU assets obtained in exchange for lease liabilities

 

$

-

 

 

$

3,818

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

 

 

March 31, 2024

 

Weighted-average remaining lease term

 

3.5 years

 

 

2.0 years

 

Weighted-average discount rate

 

 

7

%

 

 

5

%

Future Minimum Lease Payments

Future minimum lease payments under non-cancelable leases as of March 31, 2025:

 

2025 (remaining)

 

 

1,409

 

2026

 

 

1,299

 

2027

 

 

1,023

 

2028

 

 

1,046

 

2029

 

 

361

 

Total future minimum lease payments

 

$

5,138

 

Less: imputed interest

 

 

(593

)

Present value of lease liabilities - current

 

 

1,533

 

Present value of lease liabilities - non-current

 

$

3,012