Company: IMRX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001790340-25-000061
Chunk: 339

Company: Immuneering Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 339
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, California. The first lease is for 38,613 square feet of office and laboratory space, under a lease that terminates on April 30, 2032; the second lease was for 6,100 square feet of office and laboratory space under a lease that terminated on December 31, 2022 (and that was not renewed); and the third lease was for 4,760 square feet of office and laboratory space under a lease that terminated on March 31, 2024 (and that was not renewed). As a result, the Company recorded right-to-use assets and lease liabilities of $4,824,700 on the acquisition date of December 22, 2021.The Company currently also leases office space in Cambridge, Massachusetts and New York, New York, pursuant to short-term arrangements. The Cambridge lease is on a month-to-month basis, requiring one month’s notice before termination. The New York lease was renewed on January 9, 2025 to extend the lease term until August 31, 2025. These lease agreements include or included payments for lease and non-lease components. The Company has elected to not separate such components and these payments were recognized as rent expense.As of March 31, 2025, total future minimum lease payments for its short-term leases in Cambridge, Massachusetts, and New York, New York were $32,600 due in 2025. Future minimum lease payments for operating leases with initial or remaining terms in excess of one year at March 31, 2025 were as follows:

19

AmountRemainder of 2025$556,143 2026761,877 2027784,737 2028808,278 2029832,527 Thereafter2,041,704 Total future lease payments5,785,266 Less: Imputed interest(1,702,547)Total lease liabilities$4,082,719 Lease liabilities$352,521 Lease liabilities, net of current portion3,730,198 Total lease liabilities$4,082,719 Quantitative information regarding the Company’s leases for the three months ended March 31, 2025 and 2024 is as follows:March 31,2025March 31,2024Lease costs:Operating lease cost$186,590 $201,052 Short-term lease cost31,278 42,270 Sublease income— (19,200)Total lease costs$217,868