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Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information Related to Operating Leases | Supplemental balance sheet information related to operating leases are as follows (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Other current liabilities – operating lease current portion |  | $ | 1,768 |  |  | $ | 1,247 |
Operating lease liabilities – noncurrent portion |  |  | 22,314 |  |  |  | 21,858 |
Total operating lease liabilities |  | $ | 24,082 |  |  | $ | 23,105 |
Summary of Lease Expense | The elements of lease expense were as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Lease expense included in: |  |  |  |  |  |
Research and development |  | $ | 965 |  |  | $ | 291 |
General and administrative |  |  | 65 |  |  |  | 65 |
Variable lease costs |  |  | 56 |  |  |  | 47 |
Total lease expense |  | $ | 1,086 |  |  | $ | 403 |
Schedule of Future Minimum Lease Payments Under Non-Cancellable Leases | The Company’s total future minimum lease payments under non-cancellable leases at March 31, 2025 were as follows (in thousands):
|  | Operating Leases |
Remainder of 2025 |  | $ | 3,226 |
2026 |  |  | 4,482 |
2027 |  |  | 4,579 |
2028 |  |  | 3,469 |
2029 |  |  | 2,667 |
Thereafter |  |  | 29,193 |
Total lease payments |  | $ | 47,616 |
Less imputed interest |  |  | (23,534 | )
Total |  | $ | 24,082 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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