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Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases

10. Leases

The Company has entered into operating leases for its office facilities (including its corporate headquarters) and equipment. The Company has no finance leases.

The following table provides additional information regarding the Company’s leases:

  

Three Months Ended

June 30,

 

Six Months Ended

June 30,

   2025  2024  2025  2024
Lease cost:                    
Operating lease cost  $337   $323   $662   $647 
Short-term lease cost   43    70    95    140 
Total lease cost  $380   $393   $757   $787 
Other information:                    
Cash paid for amounts included in the measurement of operating liabilities (operating leases)  $329   $331   $655   $662 
Right-of-use assets obtained in exchange for new operating lease liabilities   

n/a

    

n/a

    

n/a

    

n/a

 
Weighted-average remaining lease term (in years)—operating leases   1.8    0.9    1.8    0.9 
Weighted-average discount rate—operating leases   6.6%    6.6%    6.6%    6.6% 

None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations.

The following table discloses future minimum lease payments at June 30, 2025 with respect to the Company’s operating lease liabilities:

Remainder of 2025  $675 
2026   1,190 
2027 and thereafter   

333

 
Total future minimum lease payments (undiscounted)  $2,198 

The following table reconciles the future minimum lease payments (disclosed above) at June 30, 2025 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets:

Amounts recognized in the Company’s Consolidated Balance Sheets   
Lease liability—short term  $1,352 
Lease liability—long term   739 
Subtotal   2,091 
Difference between undiscounted and discounted cash flows   107 
Total future minimum lease payments (undiscounted)  $2,198