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Leases (Tables)

3 Months Ended

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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Schedule of supplemental balance sheet information related to operating leases.

+ References

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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

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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

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