Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Lease Information Information related to the Company's operating lease assets and related lease liabilities were as follows:

 

 

March 31, 2025

 

Weighted-average remaining lease term (in months)

 

 

12.70

 

Weighted-average discount rate

 

 

7.6

%

Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2025 were as follows (in thousands):

 

Year ending December 31,

 

 

 

2025 (remaining nine months)

 

$

121

 

2026

 

$

125

 

2027

 

 

26

 

 

 

272

 

Less imputed interest

 

 

(17

)

Total lease liabilities

 

$

255

 

Current operating lease liabilities

 

$

140

 

Non-current operating lease liabilities

 

 

115

 

Total lease liabilities

 

$

255

 

 

Subsequent to March 31, 2025, the Company entered into a new lease agreement for its existing main office facility. The facility is approximately 6,000 square feet and located in San Diego, California. The lease term is for one year, with one one-year renewal period. The total lease obligation over the estimated lease term of two years is approximately $0.3 million.