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Other Current Liabilities
3 Months Ended
Mar. 31, 2025
Other Current Liabilities.  
Other Current Liabilities

5. Other Current Liabilities

In October 2023, the Company entered into an insurance premium financing agreement with a lender. Under the agreement, the Company financed $721 of certain premiums at a 8.65% annual interest rate. Total payments of approximately $62, including interest and principal, are due monthly from November 2023 through October 2024. The outstanding principal of the loan was paid off in 2024.

In October 2024, the Company entered into an insurance premium financing agreement with a lender. Under the agreement, the Company financed $356 of certain premiums at a 8.65% annual interest rate. Total payments of approximately $41, including interest and principal, are due monthly from November 2024 through July 2025. As of March 31, 2025 and December 31, 2024, the outstanding principal of the loan was $161 and $279, respectively, and is included in other current liabilities on the consolidated balance sheet.