XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Leases | Note 9. Leases The Company’s lease obligations primarily consist of operating leases for its headquarters complex and domestic and international office facilities, with lease periods expiring between fiscal years 2026 and 2029, some of which include options to extend up to 12 months. The Company does not have any leases that include residual value guarantees. Payments under the lease arrangements are primarily fixed, however, certain lease agreements contain variable payments, which are expensed as incurred and not included in the operating lease assets and liabilities. These amounts include variable payments for maintenance services, utilities, and other expenses. During the year ended December 31, 2023, the Company executed three lease renewals for a period of five years and extinguished one lease prior to its scheduled termination date. The loss recognized on lease termination was immaterial. The components of the net lease cost reflected in the Company’s consolidated statements of operations were as follows for the years ended December 31, 2024 and 2023 (in thousands):
|  | 2024 |  |  | 2023 |
Operating lease costs |  | $ | 817 |  |  | $ | 989 |
Short-term lease costs |  |  | 26 |  |  |  | 46 |
|  | $ | 843 |  |  | $ | 1,035 |
As of December 31, 2024, the Company’s operating leases had a weighted average remaining lease term of 3.2 years and a weighted average discount rate related to the Company’s ROU assets and lease liabilities of 9.9%. As of December 31, 2023, the Company’s operating leases had a weighted average remaining lease term of 4.0 years and a weighted average discount rate related to the Company’s ROU assets and lease liabilities of 9.8%. Supplemental information related to operating leases was as follows for the years ended December 31, 2024 and 2023 (in thousands):
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 785 |  |  | $ | 1,008 |
Right-of-use assets obtained in exchange for lease liabilities |  | $ | — |  |  | $ | 1,673 |
Right-of-use assets and lease liabilities extinguished upon termination of lease, net gain |  | $ | — |  |  | $ | 108 |
Short-term variable lease expenses |  | $ | 52 |  |  | $ | 202 |
As of December 31, 2024, future minimum lease payments under the Company’s non-cancelable operating leases are as follows (in thousands):
|  | Operating lease obligations |
2025 |  | $ | 721 |
2026 |  |  | 534 |
2027 |  |  | 421 |
2028 |  |  | 357 |
2029 |  |  | 13 |
Total |  |  | 2,046 |
Less: imputed interest |  |  | (302 | )
Present value of net future minimum lease payments |  |  | 1,744 |
Less: short-term operating lease liabilities |  |  | (578 | )
Long-term operating lease liabilities |  | $ | 1,166 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/840/tableOfContent + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration