XML 60 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Operating Lease The components of this operating lease were as follows:

 

 

Year Ended

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Operating lease expense

 

$

2,147

 

 

$

2,147

 

Variable lease expense

 

 

459

 

 

 

355

 

Total operating lease expense

 

$

2,606

 

 

$

2,502

 

Cash paid for amounts included in the measurement of lease liabilities, included in operating cash flows

 

$

2,110

 

 

$

2,294

 
Reconciliation of Remaining Undiscounted Contractual Rent Obligations

The following table provides a reconciliation of the Company’s remaining undiscounted contractual rent obligations due within each year ended December 31 to the operating lease liabilities recognized as of December 31, 2024:

Year ended December 31

 

Operating
Leases

 

2025

 

$

2,152

 

2026

 

 

2,206

 

2027

 

 

2,261

 

2028

 

 

2,318

 

2029

 

 

1,372

 

Thereafter

 

 

-

 

Total lease payments

 

 

10,309

 

Less: present value adjustment

 

 

(1,772

)

Total operating lease liabilities

 

$

8,537

 

Included in the balance sheet:

 

 

 

Current portion of lease liabilities - operating

 

 

2,100

 

Non-current portion of lease liabilities - operating

 

 

6,437

 

Total operating lease liabilities

 

$

8,537

 
Components of Equipment Finance Leases The components of the equipment finance leases were as follows:

 

Year Ended

 

 

December 31,

 

 

2024

 

 

2023

 

Reduction in the carrying amount of ROU assets, finance

$

325

 

 

$

306

 

Interest on finance lease liabilities

 

127

 

 

 

176

 

Total finance lease expense

$

452

 

 

$

482

 

Cash paid for amounts included in the measurement of lease liabilities, included in financing cash flows

$

410

 

 

$

425

 
Reconciliation of Remaining Equipment Finance Lease Obligations

The following table provides a reconciliation of the Company’s remaining equipment finance lease obligations due within each year ending December 31 to the equipment finance lease liabilities recognized at December 31, 2024:

Year ended December 31

Equipment Finance Leases

 

2025

$

587

 

2026

 

587

 

2027

 

359

 

2028

 

11

 

2029

 

-

 

Thereafter

 

-

 

Total lease payments

 

1,544

 

Less: imputed interest

 

(157

)

Total finance lease liabilities

$

1,387

 

Included in the balance sheet:

 

 

Current portion of lease liabilities - finance

 

570

 

Non-current portion of lease liabilities - finance

 

817

 

Total finance lease liabilities

$

1,387