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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | 12. Leases The Company has entered into operating leases primarily for real estate. The Company will determine whether an arrangement is a lease at inception of the agreement. The operating leases have terms of one to eight years, and often include one or more options to renew. These renewal terms can extend the lease term from two to 10 years and are included in the lease term when it is reasonably certain that the Company will exercise the option. The Company considers these options in determining the lease term used in establishing our right-of-use assets and lease obligations. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Because the rate implicit in each operating lease is not readily determinable, the Company uses its incremental borrowing rate to determine present value of the lease payments. The components of lease costs were as follows for the respective years:
|  | September 30, 2025 |  |  | September 30, 2024 |
Operating lease cost, include in General and Administrative expenses on the Consolidated Statements of Operations |  | $ | 1,629 |  |  | $ | 1,175 |
Right-of-use lease asset and Lease liability was as follows: |  |  |  |  |  |
Right-of-use asset |  |  | 8,913 |  |  |  | 5,853 |
Lease liability |  |  | 9,975 |  |  |  | 6,522 |
Supplemental cash flow information related to our operating leases as follows: |  |  |  |  |  |
Right-of-use asset |  |  | (522 | ) |  |  | 688 |
Lease liability |  |  | 911 |  |  |  | (698 | )
Weighted-average lease term and discount rate for our operating lease was as follows: |  |  |  |  |  |
Weighted-average remaining lease term |  |  |  |  |  |
Operating lease |  | 4.54 years |  |  | 5.48 years |
Weighted-average discount rate |  |  |  |  |  |
Operating lease |  |  | 5.51 | % |  |  | 5.08 | %
Future lease payments for the operating lease were as follows as of September 30, 2025:
2025 (remaining) |  | $ | 461 |
2026 |  |  | 2,273 |
2027 |  |  | 2,467 |
2028 |  |  | 2,537 |
2029 |  |  | 2,608 |
Thereafter |  |  | 1,028 |
Total lease payments |  |  | 11,374 |
Less: imputed interest |  |  | 1,399 |
Present value of lease liability |  | $ | 9,975 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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