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Leases | 12 Months Ended
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Dec. 31, 2024
Leases |
Leases | Note 8 — Leases During the year ended December 31, 2024, the Company entered into additional lease agreements that have commenced and are classified as operating leases, including in June 2024, the Company exercised a renewal option to extend the lease term on its central laboratory in California for an additional three years, through December 31, 2027. The aggregate (undiscounted) rent payments are approximately $2.6 million over the extended lease term. The components of lease expense were as follows: Schedule of Components of Lease Expense
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Operating lease cost |  | $ | 1,168 |  |  | $ | 1,214 |
Short-term lease cost |  |  | 74 |  |  |  | 87 |
Variable lease cost |  |  | 62 |  |  |  | 58 |
Total lease cost |  | $ | 1,304 |  |  | $ | 1,359 |
Note 8 — Leases- continued The Company’s future lease payments as of December 31, 2024, which are presented as operating lease liabilities, current portion and operating lease liabilities, less current portion on the Company’s consolidated balance sheets are as follows: Schedule of Future Lease Payments of Operating Lease Liabilities
2025 |  | $ | 1,025 |
2026 |  |  | 979 |
2027 |  |  | 940 |
2028 |  |  | 19 |
2029 |  |  | — |
Total lease payments |  | $ | 2,963 |
Less: imputed interest |  |  | (309 | )
Present value of lease liabilities |  | $ | 2,654 |
Supplemental disclosure of cash flow information related to the Company’s cash and non-cash activities with its leases are as follows: Schedule of Cash Flow Supplemental Information
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 1,148 |  |  | $ | 1,207 |
Non-cash investing and financing activities |  |  |  |  |  |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 2,347 |  |  | $ | 380 |
Weighted-average remaining lease term - operating leases (in years) |  |  | 2.95 |  |  |  | 1.39 |
Weighted-average discount rate - operating leases |  |  | 7.875 | % |  |  | 7.875 | %
As of December 31, 2024 and December 31, 2023, the Company’s right-of-use assets from operating leases were $2,637 and $1,307, respectively, which are reported in operating lease right-of-use assets in the consolidated balance sheets. As of December 31, 2024 and December 31, 2023, the Company had outstanding operating lease obligations of $2,654 and $1,305, respectively, of which $854 and $1,106, respectively, are reported in operating lease liabilities, current portion and $1,800 and $199, respectively, are reported in operating lease liabilities less current portion in the Company’s consolidated balance sheets. The Company calculates its incremental borrowing rates for specific lease terms, used to discount future lease payments, as a function of the financing terms the Company would likely receive on the open market.

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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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