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Commitment and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Lease, Cost
Supplemental lease expense related to leases for the three and six months ended June 30, 2024 and 2023 was as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Operating lease cost$519 $259 $1,045 $518 
Finance lease cost
Amortization of finance leases17 27 14 
Interest on finance lease liabilities
Variable lease cost285 56 614 110 
Short-term lease cost13 19 35 42 
Total lease cost$838 $345 $1,728 $689 
Lessee, Operating Lease, Liability, to be Paid, Maturity
The following table summarizes the maturity of the Company’s operating and finance lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating and finance lease liabilities recognized on the Company’s condensed consolidated balance sheet as of June 30, 2024 (in thousands):
Maturity of operating lease liabilities
2024 (remaining)$1,956 
20253,987 
20263,695 
20273,239 
20283,294 
2029613 
Total lease payments$16,784 
Less: interest(3,104)
Total operating lease liabilities$13,680 
Finance Lease, Liability, to be Paid, Maturity
Maturity of finance lease liabilities
2024 (remaining)$30 
202560 
202621 
2027
Total lease payments$117 
Less: interest(12)
Total finance lease liabilities$105 
Assets And Liabilities, Lessee
Supplemental balance sheet information related to leases as of June 30, 2024 was as follows (in thousands):
Leases
Operating right-of-use assets$3,381 
Operating lease liabilities, current2,765 
Operating lease liabilities, non-current10,915 
Total operating lease liabilities$13,680 
Finance right-of-use assets$96 
Finance lease liabilities, current52 
Finance lease liabilities, non-current53 
Total finance lease liabilities$105 
Other information
Cash paid for amounts included in measurement of operating lease liabilities (in thousands)$1,925
Cash paid for amounts included in measurement of finance lease liabilities (in thousands)$33
Weighted-average remaining lease term - operating leases (in years)4.41
Weighted-average remaining lease term - finance lease (in years)2.09
Weighted-average discount rate - operating leases9.73 %
Weighted-average discount rate - finance lease11.05 %
Contractual Obligation, Fiscal Year Maturity
The following table summarizes the maturity of the Company’s Lease CVR as of June 30, 2024 (in thousands):
Maturity of Lease CVR
2024 (remaining)$234 
2025605 
2026414 
Total lease CVR payments$1,253 
Asset Acquisition, Contingent Consideration
The following table summarizes the components of the contingent value rights liability in the condensed consolidated balance sheet as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024December 31, 2023
Current Non-Current Current Non-Current
Lease CVR$536 $717 $281 $1,006 
Intellectual Property CVR520 — — — 
Sales Tax CVR332 — — — 
Total CVR liability$1,388 $717 $281 $1,006