Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Schedule of components of lease costs

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

Year Ended December 31,

    

2024

    

2023

Operating lease cost

$

2,809

$

2,587

Finance lease cost:

Amortization of lease assets

777

903

Interest on lease liabilities

288

377

Finance lease costs

1,065

1,280

Total lease cost

$

3,874

$

3,867

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:

    

December 31, 2024

    

December 31, 2023

Operating leases

Weighted average discount rate

19.1%

19.1%

Weighted average remaining lease term

12.70 years

13.65 years

Finance leases

Weighted average discount rate

8.0%

8.0%

Weighted average remaining lease term

3.15 years

3.82 years

Schedule of maturity of contractual undiscounted finance lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of December 31, 2024 are as follows:

Year ending December 31,

    

Finance

    

Operating

2025

$

1,343

$

2,490

2026

926

2,553

2027

916

2,618

2028

310

2,637

2029

69

2,550

Thereafter

23,113

Total undiscounted lease liabilities

3,564

35,961

Interest on lease liabilities

(396)

(23,146)

Total present value of minimum lease payments

3,168

12,815

Lease liability - current portion

(1,146)

(120)

Lease liability

$

2,022

$

12,695

Schedule of maturity of contractual undiscounted operating lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of December 31, 2024 are as follows:

Year ending December 31,

    

Finance

    

Operating

2025

$

1,343

$

2,490

2026

926

2,553

2027

916

2,618

2028

310

2,637

2029

69

2,550

Thereafter

23,113

Total undiscounted lease liabilities

3,564

35,961

Interest on lease liabilities

(396)

(23,146)

Total present value of minimum lease payments

3,168

12,815

Lease liability - current portion

(1,146)

(120)

Lease liability

$

2,022

$

12,695