Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 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 June 30, 

Six Months Ended June 30, 

    

2025

    

2024

    

2025

    

2024

Operating lease cost

$

663

$

660

$

1,316

$

1,319

Finance lease cost:

   

   

   

   

Amortization of lease assets

149

102

282

204

Interest on lease liabilities

144

13

244

28

Finance lease costs

293

115

526

232

Total lease cost

$

956

$

775

$

1,842

$

1,551

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:

    

June 30, 2025

    

December 31, 2024

Operating leases

Weighted average discount rate

19.3%

19.3%

Weighted average remaining lease term

12.51 years

13.17 years

Finance leases

Weighted average discount rate

15.3%

8.0%

Weighted average remaining lease term

19.67 years

0.50 years

Schedule of maturity of contractual undiscounted finance lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of June 30, 2025 are as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2025

$

255

$

1,209

2026

524

2,472

2027

539

2,435

2028

556

2,476

2029

572

2,538

2030 and thereafter

11,114

23,113

Total undiscounted lease liabilities

13,560

34,243

Interest or discount on lease liabilities

(9,767)

(21,881)

Total present value of minimum lease payments

3,793

12,362

Lease liability - current portion

(110)

Lease liability

$

3,793

$

12,252

Schedule of maturity of contractual undiscounted operating lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of June 30, 2025 are as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2025

$

255

$

1,209

2026

524

2,472

2027

539

2,435

2028

556

2,476

2029

572

2,538

2030 and thereafter

11,114

23,113

Total undiscounted lease liabilities

13,560

34,243

Interest or discount on lease liabilities

(9,767)

(21,881)

Total present value of minimum lease payments

3,793

12,362

Lease liability - current portion

(110)

Lease liability

$

3,793

$

12,252