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Leases | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | 7. Leases As of June 30, 2025, we had an operating lease for 52,148 square feet of laboratory and office space in San Diego, California, with a lease term that expires on December 31, 2025. In October 2021, we entered into a sublease agreement to sublet 23,873 square feet of laboratory and office space in San Diego, California. The space was delivered to the subtenant in March 2022. As a result of the sublease agreement, our one five-year option to renew this lease on expiration applies only with respect to our remaining 28,275 square feet of laboratory and office space. We have a short-term sublease agreement to sublet 9,882 square feet of office space in Cary, North Carolina, with a lease term that expires on August 31, 2025. During the three and six months ended June 30, 2025, we recognized $0.8 million and $1.6 million of operating lease expense, respectively. During the three and six months ended June 30, 2025, we paid $0.8 million and $1.6 million, respectively, for our operating leases. During the three and six months ended June 30, 2024, we recognized $0.7 million and $1.5 million of operating lease expense, respectively. During the three and six months ended June 30, 2024, we paid $0.8 million and $1.6 million, respectively, for our operating leases. Annual future minimum lease payments as of June 30, 2025 are as follows (in thousands):
2025 |  | $ | 1,563 |
Less: discount |  |  | (24 | )
Total lease liabilities |  | $ | 1,539 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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