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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Payments for Operating Leases | As of December 31, 2024, lease payments for operating leases for the Company’s office facility and laboratories was as follows (in thousands):
Year ending December 31, |
2025 | $ | (76) |
2026 | 99 |
2027 | 4,646 |
2028 | 4,612 |
2029 | 4,715 |
Thereafter | 36,913 |
Total future lease payments | $ | 50,909 |
Less: imputed interest | 20,132 |
Total lease liabilities | $ | 30,777 |
Schedule of Assets and Liabilities, Lessee | The following is a summary of weighted average remaining lease term and discount rate for all of the Company’s operating leases:
| Years Ended December 31,
| 2024 |  | 2023
Weighted average remaining lease term (years) | 12.0 |  | 12.7
Weighted average discount rate | 7.50 | % |  | 7.50 | %
Schedule of Lessor Payments to be Received | The future minimum lease payments owed to the Company from the lease agreement at December 31, 2024, was as follows (in thousands):
Year ending December 31, |  |
2025 |  | $ | 155 |
2026 |  | 155 |
2027 |  | 155 |
2028 |  | 155 |
2029 |  | 155 |
Thereafter |  | 932 |
Total |  | $ | 1,707 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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