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Leases | 12 Months Ended
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Dec. 31, 2024
Leases |
Leases | 5. Leases During the year ended December 31, 2024, we entered into an operating lease for laboratory space. The remaining lease terms for our operating lease is approximately two years and does not provide a renewal option. We apply the short-term lease policy election, which allows us to exclude from recognition leases with an original term of 12 months or less. Upon commencement of the laboratory lease on March 7, 2024, the Company recorded a right-of-use asset of $0.4 million, short-term lease liability of $0.2 million, and long-term lease liability of $0.2 million. Lease costs associated the Company’s operating and short-term leases are recorded within general and administrative expense in the consolidated statement of operations and comprehensive income (loss). The following table sets forth information about our lease costs for the year ended December 31, 2024 (in thousands): Schedule of Lease Cost
Lease Cost |  | December 31, 2024 |
Operating lease cost |  | $ | 116 |
Short-term lease cost |  |  | 128 |
Variable lease cost |  |  | 15 |
Total lease cost |  | $ | 259 |
The following table sets forth information about our operating lease for the year ended December 31, 2024 (in thousands): Schedule of Operating Lease Liabilities
Supplemental cash flow and other information |  | December 31, 2024 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 143 |
ROU assets obtained in the exchange for lease liabilities |  | $ | 352 |
Weighted-average remaining lease term (in years) |  |  | 2.0 |
Weighted-average discount rate |  |  | 11.2 | %
The Company’s future minimum lease payments for our operating lease as of the year ended December 31, 2024, are as follows (in thousands): Schedule of Future Minimum Lease Payments For Operating Lease
|  | December 31, 2024 |
Year ending December 31, |  |  |  |
2025 |  | $ | 140 |
2026 |  |  | 113 |
Total |  |  | 253 |
Less: imputed interest |  |  | (27 | )
Total lease liability |  | $ | 226 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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