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Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies [Abstract]  
Commitments and Contingencies

12. Commitments and Contingencies

 

Legal Proceedings

 

The Company is subject to legal and regulatory actions that arise from time to time. The assessment as to whether a loss is probable or reasonably possible, and as to whether such loss or a range of such loss is estimable, often involves significant judgment about future events, and the outcome of litigation is inherently uncertain. To avoid litigation and minimize costs, the Company has agreed in principle, subject to final documentation, to a one-time payment of $500,000 to settle a contract dispute, which payment is included in accrued expenses as of December 31, 2024.

 

There was no material pending or threatened litigation against the Company that remains outstanding as of December 31, 2023.