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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases
6.
Leases
The Company has operating lease arrangements for facilities under
non-cancellable
agreements with various expiration dates through 2031. The agreements may include renewal options to extend the term that the Company is not reasonably certain to exercise.
In September 2023, the Company extended its facility lease in Lancaster, Texas, from October 2024 to October 2031.
In October 2024, the Company extended one of its facility leases in California from December 2024 to June 2027. In October 2024, the Company entered into a lease agreement for additional facilities in Odessa, Texas, which expires in September 2031.
Rent expense related to operating lease liabilities was $2.5 million and $2.3 million for the years ended December 31, 2024 and 2023, respectively. In addition, the Company recognized $0.2 million and $0.1 million in rent expense related to a short-term lease for the years ended December 31, 2024 and 2023, respectively.
As of December 31, 2024, future minimum lease payments for the Company’s operating lease liabilities were as follows (in thousands):
 
Year Ended December 31,
   
Amount
  
2025
    $ 2,626  
2026
      2,605  
2027
      1,200  
2028
      839  
2029
      866  
Thereafter
      1,568  
  
 
 
  
Total undiscounted lease payments
      9,704  
Less: Imputed interest
      (2,343 ) 
  
 
 
  
Present value of lease liabilities
      7,361  
Less: Operating lease liabilities, current
      (1,638 ) 
  
 
 
  
Operating lease liabilities, noncurrent
    $ 5,723  
  
 
 
  
The following table summarizes additional information related to operating leases for the periods presented:
 
    
December 31,
  
    
2024
    
2023
  
Weighted-average remaining lease term
      4.6 years       5.2 years  
Weighted-average discount rate
      12.3 %      11.2 % 
Cash payments made for operating leases (in thousands)
    $ 2,327     $ 2,308