Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Right-of-use Assets and Lease Obligations

The tables below show the balance of right-of-use assets and lease obligations as of January 1, 2024 and the balance as of December 31, 2024, including the changes during the period (in thousands):


	Right-of-use Assets - Operating Lease, net
Right-of-use assets - Operating leases, net, at January 1, 2024	$	13,137
Amortization of right-of-use assets	(3,184)
Addition due to lease modification	18,747


Right-of-use assets - Operating leases, net, at December 31, 2024	$	28,700


	Lease Obligations - Operating Leases
Lease obligations - Operating leases, net, at January 1, 2024	$	16,024
Lease payments	(4,727)
Interest accretion	946
Addition due to lease modification	18,747
Lease obligations - Operating leases, net, at December 31, 2024	$	30,990

Schedule of Lease Cost

Lease costs amounts included in measurement of lease obligations and other information related to non-cancellable operating leases and finance leases were as follows (in thousands):


	Year Ended December 31,
	2024		2023		2022
Finance lease costs	$	—	$	—	$	18
Operating lease cost	4,130		6,310		7,321
Short-term lease costs(1)	—		—		40
Total lease cost(2)	$	4,130	$	6,310	$	7,379

(1) Short-term lease costs on leases with terms of over one month and less than one year.

(2) The Company had no variable lease costs.

Amounts included in the measurement of lease obligations (in thousands):


	Year Ended December 31,
	2024		2023		2022
Cash paid:
Operating cash flows from operating leases	$	4,727	$	9,897	$	6,506



					Operating Lease
Other information:
Weighted-average remaining lease term (in years)					7.6
Weighted-average discount rate					7.0		%

Schedule of Operating Lease Maturity

As of December 31, 2024, our maturity analysis of annual undiscounted cash flows of the non-cancellable operating leases are as follows (in thousands):


Years ending December 31,	Operating Leases
2025	$	4,868
2026	5,014
2027	4,053
2028	5,400
2029	5,365
Thereafter	15,695
Total minimum lease payments	40,395
Less: imputed interest	9,405
Lease obligations	$	30,990

Reconciliation of operating lease liabilities as shown within the consolidated balance sheets:
Current portion of lease obligations - Operating leases	$	2,827
Long-term lease obligations - Operating leases	28,163
Total operating lease liabilities	$	30,990