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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Costs

The table below summarizes the Company’s operating lease costs from its statements of operations, and cash payments from its statements of cash flows (in thousands).

 

 

 

Year Ended December 31,

 

 

 

 

2024

 

 

2023

 

Lease expense:

 

 

 

 

 

Operating lease expense

 

$

145

 

$

141

 

Total lease expense

 

$

145

 

$

141

 

 

 

 

 

 

 

Cash payment information:

 

 

 

 

 

Operating cash used for operating leases

 

$

180

 

$

141

 

Total cash paid for amounts included in the measurement of lease liabilities

 

$

180

 

$

141

 

Summary of Future Minimum Annual Lease Payments under Operating Leases

The Company’s future minimum annual lease payments under operating leases at December 31, 2024 are as follows (in thousands):

 

 

 

 

 

 

 

Operating Leases

 

2025

 

$

69

 

2026

 

 

11

 

Total minimum lease payments

 

 

80

 

Less: amount representing interest

 

$

(5

)

Present value of obligations under leases

 

 

75

 

Less: current portion

 

 

44

 

Noncurrent lease obligations

 

$

31