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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense as of March 31, 2025 and 2024 were as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

67

 

 

$

61

 

Total lease cost

 

$

67

 

 

$

61

 

Other information

 

 

 

 

 

 

Operating lease right-of-use asset obtained in exchange for new operating lease liabilities

 

$

859

 

 

$

 

Cash paid for amounts included in the measurement of lease liabilities, included in operating cash flows

 

$

75

 

 

$

58

 

Weighted-average remaining lease term

 

 

3.94

 

 

 

1.92

 

Weighted-average discount rate

 

 

6.77

%

 

 

1.63

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2025 were as follows (in thousands):

 

2025

 

$

230

 

2026

 

 

324

 

2027

 

 

274

 

2028

 

 

227

 

2029

 

 

123

 

Thereafter

 

 

10

 

Total lease payment

 

 

1,188

 

Less: amount representing imputed interest

 

 

(152

)

Total future minimum lease obligations

 

$

1,036