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Leases | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | Leases Our principal executive offices are located in New York, New York, where we lease approximately 7,900 square feet of office space under a lease that terminates in 2027, with an option for us to extend the lease for an additional five years which is not reasonably assured of exercise, and in San Francisco, where we lease approximately 19,418 square feet of office space that terminates in 2029. We also occupy office space located in Burlington, Massachusetts, where we lease approximately 2,235 square feet of office space under a lease that terminates in 2027, as well as a total of approximately 1,735 square meters of office space in the People’s Republic of China, in the cities of Beijing, Guangzhou, Hangzhou and Shanghai, under leases that terminate in 2025 through 2029. Operating lease expense was $0.9 mi llion and $0.5 million for the three months ended June 30, 2025 and 2024, respectively, and $1.8 million and $1.0 million for the six months ended June 30, 2025 and 2024, respectively. Expense related to variable leases was no t significant for the three and six months ended June 30, 2025 and 2024. Operating cash flows for the six months ended June 30, 2025 and 2024 included $1.4 mi llion and $1.1 m illion for operating leases, respectively. The following table presents the future minimum lease analysis of the Company's operating lease liabilities showing the aggregate lease payments as of June 30, 2025.
|  | June 30, 2025 |
|  | (In thousands) |
2025 (remaining 6 months) |  | $ | 1,083 |
2026 |  |  | 2,131 |
2027 |  |  | 1,377 |
2028 |  |  | 1,216 |
2029 |  |  | 160 |
Total undiscounted lease payments |  |  | 5,967 |
Less: imputed interest |  |  | (760 | )
Total operating lease liabilities |  | $ | 5,207 |
The weighted average incremental borrowing rate used to determine the operating lease liabilities was 8.91%. The Company's weighted average remaining lease term w as 3.04 ye ars as of June 30, 2025.

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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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