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Leases
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
The components of lease expense and supplemental cash flow information are as follows (in thousands):
Three months ended March 31,
20252024
Operating lease expense$491 $784 
Finance lease expense:
Amortization of assets— 4 
Interest on lease liabilities— — 
Total finance lease expense — 4 
Short-term lease expense442 259 
Total lease expense$933 $1,047 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,081 $1,654 
Operating cash flows from finance leases— 13 
Maturities of lease liabilities as of March 31, 2025 are as follows (in thousands):
Years ending December 31,Operating Leases
2025 (excluding first three months)$1,377 
20261,693 
20271,741 
20281,602 
20291,641 
Thereafter1,406 
Total lease payments$9,460 
Less: Interest(2,028)
Present value of lease liabilities$7,432 
Supplemental balance sheet information related to leases is as follows (in thousands):
March 31, 2025December 31, 2024
Operating Leases
Operating lease right-of-use assets$3,008 $3,326 
Current portion of operating lease liabilities1,316 1,486 
Long-term operating lease liabilities6,116 6,514 
Total operating lease liabilities$7,432 $8,000 
Weighted Average Remaining Lease Term
Operating leases5.3 years5.4 years
Weighted Average Discount Rate
Operating leases9.4 %9.4 %
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 $0.2 million and $0.2 million for the three months ended March 31, 2025 and 2024, 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 (excluding first three months)
$575 
2026767 
2027767 
2028767 
2029767 
Thereafter639 
Total rental income$4,282 
Leases Leases
The components of lease expense and supplemental cash flow information are as follows (in thousands):
Three months ended March 31,
20252024
Operating lease expense$491 $784 
Finance lease expense:
Amortization of assets— 4 
Interest on lease liabilities— — 
Total finance lease expense — 4 
Short-term lease expense442 259 
Total lease expense$933 $1,047 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,081 $1,654 
Operating cash flows from finance leases— 13 
Maturities of lease liabilities as of March 31, 2025 are as follows (in thousands):
Years ending December 31,Operating Leases
2025 (excluding first three months)$1,377 
20261,693 
20271,741 
20281,602 
20291,641 
Thereafter1,406 
Total lease payments$9,460 
Less: Interest(2,028)
Present value of lease liabilities$7,432 
Supplemental balance sheet information related to leases is as follows (in thousands):
March 31, 2025December 31, 2024
Operating Leases
Operating lease right-of-use assets$3,008 $3,326 
Current portion of operating lease liabilities1,316 1,486 
Long-term operating lease liabilities6,116 6,514 
Total operating lease liabilities$7,432 $8,000 
Weighted Average Remaining Lease Term
Operating leases5.3 years5.4 years
Weighted Average Discount Rate
Operating leases9.4 %9.4 %
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 $0.2 million and $0.2 million for the three months ended March 31, 2025 and 2024, 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 (excluding first three months)
$575 
2026767 
2027767 
2028767 
2029767 
Thereafter639 
Total rental income$4,282