Company: IMRX
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001790340-25-000135
Chunk: 413

Company: Immuneering Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 413
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asesThe Company leases 38,613 square feet of office and laboratory space in San Diego, California, under a lease that terminates on April 30, 2032. As of September 30, 2025, the right-of-use asset balance associated with this lease was $3,411,693.The Company currently also leases office space in Cambridge, Massachusetts and New York, New York, pursuant to short-term arrangements. The Cambridge lease is currently on a month-to-month basis, requiring one month’s notice before termination. In September 2025, the Company executed a one year lease for the existing office space in Cambridge with a term that commences on December 1, 2025 and ends on November 30, 2026. The New York lease was most recently renewed on October 1, 2025 to extend the lease term through September 30, 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.As of September 30, 2025, total future minimum lease payments for its short-term leases in Cambridge, Massachusetts, and New York, New York were $32,426 due in 2025 and $140,136 due in 2026.Future minimum lease payments for operating leases with initial or remaining terms in excess of one year at September 30, 2025 were as follows:AmountRemainder of 2025$189,051 2026761,877 2027784,737 2028808,278 2029832,527 Thereafter2,041,704 Total future lease payments5,418,174 Less: imputed interest(1,501,845)Total lease liabilities$3,916,329 Lease liabilities$381,760 Lease liabilities, net of current portion3,534,569 Total lease liabilities$3,916,329 

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Quantitative information regarding the Company’s leases for the nine months ended September 30, 2025 and 2024 is as follows:September 30,2025September 30,2024Lease costs:Operating lease cost$559,770 $574,232 Short-term lease cost104,084 113,792 Sublease income— (19,200)Total lease costs$663,854 $668,824 Cash paid for amounts included in the measurement of lease liabilities