Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

8. Leases

In June 2021, the Company entered into a facility lease agreement for its company headquarters in Los Gatos, California. This non-cancellable operating lease expires in June 2026.

Operating lease costs for the facility lease were $292 and $292 for the years ended December 31, 2023 and 2022, respectively.

Supplemental balance sheet information related to leases was as follows:

	December 31,			December 31,
	2023			2022
Operating lease right-of-use asset	$	646		$	873
Operating lease liability, current	$	(256	)	$	(228	)
Operating lease liability, noncurrent		(428	)		(683	)
Total operating lease liabilities	$	(684	)	$	(911	)

Future maturities of operating lease liabilities as of December 31, 2023 were as follows:

2024		302
2025		310
2026		144
Total lease payments		756
Less: imputed interest		(72	)
Present value of operating lease liabilities	$	684

Other information:

Cash paid for operating leases for the year ended December 31, 2023	$	293
Cash paid for operating leases for the year ended December 31, 2022	$	284
Remaining lease term - operating leases (in years)		2.50
Average discount rate - operating leases		8.0	%