XML 52 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
A significant portion of the Company's operating lease portfolio includes office space, research and development facilities, IT equipment, and automobiles. The Company's leases have remaining lease terms of one to seven years. Substantially all lease expense is presented within general and administrative expense in the consolidated statements of operations and is as follows:

Year Ended December 31,
(in thousands)202420232022
Total lease expense$2,028 $1,698 $2,133 

Supplemental cash flow information related to leases is as follows:
December 31,
 (in thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases$1,868 $1,521 
Non-cash amounts included in the measurement of lease liabilities:
Right-of-use assets obtained in exchange for new operating lease liabilities$1,973 $775 

Supplemental balance sheet information related to leases is as follows:
December 31,
20242023
Weighted-average remaining lease term4.7 years3.3 years
Weighted-average discount rate6.4 %4.0 %

The following table summarizes future lease payments for operating leases at December 31, 2024:

(in thousands)Operating leases
2025$2,761 
20261,776 
20271,427 
20281,475 
20291,369 
Thereafter1,040 
Total lease payments9,848 
Less: portion representing imputed interest(1,539)
Total$8,309