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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
The components of lease expense and supplemental cash flow information are as follows (in thousands):
Years ended December 31,
20242023
Operating lease expense$2,703 $3,552 
Finance lease expense:
Amortization of assets15 15 
Interest on lease liabilities1 3 
Total finance lease expense 16 18 
Short-term lease expense1,383 300 
Total lease expense$4,102 $3,870 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,399 $5,508 
Operating cash flows from finance leases30 34 
Financing cash flows from finance leases1 3 
Maturities of lease liabilities as of December 31, 2024 are as follows (in thousands):
Years ending December 31,Operating Leases
2025$2,121 
20261,693 
20271,741 
20281,602 
20291,641 
Thereafter1,407 
Total lease payments$10,205 
Less: Interest(2,205)
Present value of lease liabilities$8,000 
Supplemental balance sheet information related to leases is as follows (in thousands):
December 31, 2024December 31, 2023
Operating Leases
Operating lease right-of-use assets$3,326 $5,030 
Current portion of operating lease liabilities1,486 2,449 
Long-term operating lease liabilities6,514 7,676 
Total operating lease liabilities$8,000 $10,125 
Finance Leases
Property and equipment$— $147 
Accumulated depreciation— (70)
Property and equipment, net$— $77 
Current portion of finance lease liabilities$— $22 
Total finance lease liabilities$— $22 
Weighted Average Remaining Lease Term
Operating leases5.4 years5.5 years
Finance leases— 0.6 years
Weighted Average Discount Rate
Operating leases9.4 %9.5 %
Finance leases— %8.5 %
Sublease Income
On April 1, 2023, the Company entered into an agreement to sublease its office and lab space in Houston, Texas beginning September 1, 2023 and continuing through October 30, 2030. The Company recorded rental income from the sublease of $0.7 million and $0.3 million for the years ended December 31, 2024 and 2023, respectively, which is included in the Company’s statement of operations in Other income (expense), net. Rental income from the sublease offsets the monthly rental expense from the Company’s lease of the facility. Sublease rental income for future years are as follows (in thousands):
Years ending December 31,Rental Income
2025$767 
2026767 
2027767 
2028767 
2029767 
Thereafter639 
Total rental income$4,474 
Leases Leases
The components of lease expense and supplemental cash flow information are as follows (in thousands):
Years ended December 31,
20242023
Operating lease expense$2,703 $3,552 
Finance lease expense:
Amortization of assets15 15 
Interest on lease liabilities1 3 
Total finance lease expense 16 18 
Short-term lease expense1,383 300 
Total lease expense$4,102 $3,870 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,399 $5,508 
Operating cash flows from finance leases30 34 
Financing cash flows from finance leases1 3 
Maturities of lease liabilities as of December 31, 2024 are as follows (in thousands):
Years ending December 31,Operating Leases
2025$2,121 
20261,693 
20271,741 
20281,602 
20291,641 
Thereafter1,407 
Total lease payments$10,205 
Less: Interest(2,205)
Present value of lease liabilities$8,000 
Supplemental balance sheet information related to leases is as follows (in thousands):
December 31, 2024December 31, 2023
Operating Leases
Operating lease right-of-use assets$3,326 $5,030 
Current portion of operating lease liabilities1,486 2,449 
Long-term operating lease liabilities6,514 7,676 
Total operating lease liabilities$8,000 $10,125 
Finance Leases
Property and equipment$— $147 
Accumulated depreciation— (70)
Property and equipment, net$— $77 
Current portion of finance lease liabilities$— $22 
Total finance lease liabilities$— $22 
Weighted Average Remaining Lease Term
Operating leases5.4 years5.5 years
Finance leases— 0.6 years
Weighted Average Discount Rate
Operating leases9.4 %9.5 %
Finance leases— %8.5 %
Sublease Income
On April 1, 2023, the Company entered into an agreement to sublease its office and lab space in Houston, Texas beginning September 1, 2023 and continuing through October 30, 2030. The Company recorded rental income from the sublease of $0.7 million and $0.3 million for the years ended December 31, 2024 and 2023, respectively, which is included in the Company’s statement of operations in Other income (expense), net. Rental income from the sublease offsets the monthly rental expense from the Company’s lease of the facility. Sublease rental income for future years are as follows (in thousands):
Years ending December 31,Rental Income
2025$767 
2026767 
2027767 
2028767 
2029767 
Thereafter639 
Total rental income$4,474