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 Lease related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded in the Consolidated Balance Sheets:

 

    Classification on the Balance Sheet   December 31, 2024     December 31, 2023  
                 
Assets                    
Operating lease assets   Operating lease right of use assets     1,613       1,864  
Total lease assets       $ 1,613     $ 1,864  
                     
Liabilities                    
Current                    
Operating lease liabilities   Other accrued expenses     383       377  
Total current lease liabilities   Other accrued expenses   $ 383     $ 377  
Noncurrent                    
Operating lease liabilities   Operating lease liabilities, net of current portion     1,183       1,472  
Total long-term lease liabilities         1,183       1,472  
Total lease liabilities       $ 1,566     $ 1,849  
Schedule of Maturities of Operating Lease Liabilities

The table below reconciles the undiscounted cash flows to the lease liabilities recorded on the Company’s Consolidated Balance Sheet as of December 31, 2024:

 

    Operating Leases  
2025   $ 550  
2026     550  
2027     550  
2028     275  
Total minimum lease payments     1,925  
Less: amount of lease payments representing effects of discounting     359  
Present value of future minimum lease payments     1,566  
Less: current obligations under leases     383  
Long-term lease obligations   $ 1,183