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Operating Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Summary of Quantitative Information About Operating Leases and Components of Lease Cost
The following table summarizes quantitative information about the Company’s operating leases for the three months ended March 31, 2024 and 2023 (dollars in thousands):
Three Months Ended March 31,
20242023
(unaudited)
Operating cash flows from operating leases$290 $281
Weighted average remaining lease term – operating leases (in years)3.74.7
Weighted average discount rate – operating leases7.0 %7.0 %

The following table provides the components of the Company’s operating lease expense for the three months ended March 31, 2024 and 2023 (in thousands):

Three Months Ended March 31,
20242023
(unaudited)
Operating leases
Operating lease cost$258 $251 
Variable lease cost91 81 
Total operating lease expense$349 $332 
Summary of Future Minimum Payments Under the Non-cancelable Operating Leases
As of March 31, 2024, future minimum payments under the non-cancelable operating leases under ASC 842 were as follows (in thousands):
Nine months ending December 31, 2024$871 
Year ending December 31, 20251,160 
Year ending December 31, 20261,151 
Year ending December 31, 20271,185 
Year ending December 31, 20281,221 
Total5,588 
Less: present value discount(1,744)
Operating lease liabilities$3,844