XML 24 R11.htm IDEA: XBRL DOCUMENT v3.25.2
Lease
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Lease Lease
The Company has a single lease for real estate, including laboratory and office space, and certain equipment, in Lexington, Massachusetts which commenced on May 1, 2020. The lease will expire on April 30, 2027.
As of June 30, 2025, the Company had an operating lease liability of $2.3 million and related right-of-use asset of $2.5 million related to its operating lease. As of December 31, 2024, the Company had an operating lease liability of $3.0 million and related right-of-use asset of $3.2 million related to its operating lease.
The Company recorded lease cost of $0.4 million for each of the three months ended June 30, 2025 and 2024. The Company recorded lease cost of $0.7 million and $0.8 million during the six months ended June 30, 2025 and 2024, respectively. The Company paid $0.4 million in rent during each of the three months ended June 30, 2025 and 2024. The Company paid $0.8 million in rent during each of the six months ended June 30, 2025 and 2024. The discount rate associated with the Company’s right-of-use asset is 10%.