Company: IMRX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001790340-25-000104
Chunk: 339

Company: Immuneering Corp
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 339
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 and six months ended June 30, 2025 and 2024, the Company recognized share-based compensation expense on the accompanying condensed consolidated statements of operations as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Research and development$610,369 $678,377 $1,343,405 $1,245,261 General and administrative914,574 983,372 1,873,805 1,891,246 Total$1,524,943 $1,661,749 $3,217,210 $3,136,507 

Note 10 – Commitments and Contingencies

Operating LeasesAs part of the BioArkive acquisition, the Company assumed the obligations of three leases in San Diego, 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 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.

20

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 2027784,737 202