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Leases and Commitments (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Balance Sheet Information for Operating Leases
The Company's lease is an operating lease. The following table summarizes the presentation in the Company's Consolidated Balance Sheet for the operating lease:
December 31,
(in thousands)
20242023
Assets:
Operating lease right-of-use asset$3,163 $3,056 
Liabilities:
Operating lease liability - short-term$1,336 $1,305 
Operating lease liability - long-term1,618 1,489 
Total operating liability$2,954 $2,794 
Schedule of Lease Cost
The following table summarizes the effect of lease costs in our Consolidated Statements of Operations and Comprehensive Loss:
For the Year Ended December 31,
(in thousands)
20242023
Operating lease cost
Research and development$844 $483 
General and administrative722 1,182 
Total$1,566 $1,665 
Schedule of Lease Maturity Schedule
The Company’s lease payments through the end of the expected lease term are expected to be as follows:
Year Ending December 31,(in thousands)
20251,558 
20261,287 
2027433 
Total lease payments$3,278 
Less: interest324 
Present value of operating lease liabilities$2,954