Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases  
Schedule of components of lease costs

The following table provides the components of lease cost recognized in the condensed consolidated statements of operations and comprehensive loss:

Three Months Ended March 31, 

    

2025

    

2024

Operating lease cost

$

697

$

704

Finance lease cost:

   

   

Amortization of lease assets

224

194

Interest on lease liabilities

156

81

Finance lease costs

380

275

Total lease cost

$

1,077

$

979

Schedule of weighted average discount rates and weighted average remaining lease term

The following table provides the weighted average discount rates and weighted average remaining lease terms for the Company’s leases:

    

March 31, 2025

    

December 31, 2024

Operating leases

Weighted average discount rate

19.1%

19.1%

Weighted average remaining lease term

12.47 years

12.70 years

Finance leases

Weighted average discount rate

13.9%

8.0%

Weighted average remaining lease term

12.49 years

3.15 years

Schedule of maturity of contractual undiscounted finance lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of March 31, 2025 are as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2025

$

1,464

$

1,873

2026

1,449

2,553

2027

1,455

2,618

2028

866

2,637

2029

642

2,550

2029 and thereafter

11,114

23,114

Total undiscounted lease liabilities

16,990

35,345

Interest or discount on lease liabilities

(10,253)

(22,554)

Total present value of minimum lease payments

6,737

12,791

Lease liability - current portion

(1,063)

(138)

Lease liability

$

5,674

$

12,653

Schedule of maturity of contractual undiscounted operating lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of March 31, 2025 are as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2025

$

1,464

$

1,873

2026

1,449

2,553

2027

1,455

2,618

2028

866

2,637

2029

642

2,550

2029 and thereafter

11,114

23,114

Total undiscounted lease liabilities

16,990

35,345

Interest or discount on lease liabilities

(10,253)

(22,554)

Total present value of minimum lease payments

6,737

12,791

Lease liability - current portion

(1,063)

(138)

Lease liability

$

5,674

$

12,653