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

Leases (Tables)

v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease Information
The following table summarizes total lease costs for the period:
Year Ended
December 31, 2024 December 31, 2023
Finance lease cost:
Amortization of ROU assets $ 518  $ 434 
Interest on lease liabilities 122  98 
Operating lease costs 4,637  4,251 
Variable lease costs 48  29 
Short-term lease costs 475  230 
Total lease costs $ 5,800  $ 5,042 
The following table presents other supplemental information related to the Company’s leases:
Year Ended
December 31, 2024 December 31, 2023
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 2,460  $ 601  $ 4,273  $ 492 
Right-of-use assets obtained in exchange for new lease liabilities 5,813  457  3,418  1,167 
Weighted average remaining lease term (in years) 4.0 3.3 4.4 3.8
Weighted average discount rate 7.8  % 8.1  % 6.3  % 8.4  %
Schedule of Supplemental Balance Sheet Information
The following table presents supplemental balance sheet information related to the Company’s operating and finance leases:
December 31, 2024 December 31, 2023
Operating Leases Finance Leases Operating Leases Finance Leases
Right-of-use assets, net reflected in the following balance sheet line items:
Property, plant and equipment, net
$ —  $ 1,392  $ —  $ 1,551 
Right-of-use assets 15,277  —  13,181  — 
Total right-of-use assets
 $ 15,277  $ 1,392  $ 13,181  $ 1,551 
Current lease balance reflected in the following balance sheet line items:
Short-term operating lease liabilities $ 4,354  $ —  $ 3,737  $ — 
Short-term finance lease liabilities —  473  —  439 
Non-current lease balance reflected in the following balance sheet line items:
Long-term operating lease liabilities 13,444  —  12,302  — 
Long-term finance lease liabilities —  980  —  1,137 
Total lease liabilities $ 17,798  $ 1,453  $ 16,039  $ 1,576 
Schedule of Future Minimum Lease Payments
As of December 31, 2024, the future annual minimum lease payments for lease liabilities are as follows:
Year Operating Leases Finance Leases
2025 $ 5,485  $ 571 
2026 4,545  462 
2027 4,366  382 
2028 2,861  218 
2029 1,836  42 
Thereafter
 2,858  — 
Total lease payments
 21,951  1,675 
Less: imputed interest 4,153  222 
Present value of lease liabilities
 $ 17,798  $ 1,453