Company: IMRX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001790340-25-000104
Chunk: 377

Company: Immuneering Corp
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 377
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 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 last renewed on July 30, 2025 to extend the lease term until February 28, 2026. 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.

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As of June 30, 2025, total future minimum lease payments for its short-term leases in Cambridge, Massachusetts, and New York, New York were $14,400 due in 2025. Future minimum lease payments for operating leases with initial or remaining terms in excess of one year at June 30, 2025 were as follows:AmountRemainder of 2025$372,597 2026761,877 2027784,737 2028808,278 2029832,527 Thereafter2,041,704 Total future lease payments5,601,720 Less: Imputed interest(1,601,160)Total lease liabilities$4,000,560 Lease liabilities$366,959 Lease liabilities, net of current portion3,633,601 Total lease liabilities$4,000,560 Quantitative information regarding the Company’s leases for the six months ended June 30, 2025 and 2024 is as follows:June 30,2025June 30,2024Lease costs:Operating lease cost$373,180 $387,642 Short-term lease cost67,656 79,878 Sublease income— (19,200)Total lease costs$440,836 $448,320 Cash paid for amounts included in the measurement of lease liabilities:  Operating cash flows from operating leases$367,092 $370,800 Operating cash flows from short-term leases67,656 79,878 $434,748 $450,678 Weighted-average remaining lease term - operating leases6.84 years7.84 yearsWeighted-average discount rate - operating leases10.0