Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Summary of Presentation of Operating Leases on Condensed Consolidated Balance Sheet

The following table summarizes the presentation of the Company’s operating leases on its condensed consolidated balance sheets (in thousands):

Leases	Balance sheet classification	September 30, 2023		December 31, 2022
Assets:
Operating lease assets	Operating lease right-of-use assets	$	4,186	$	4,770
Total lease assets		$	4,186	$	4,770
Liabilities:
Current:
Operating lease liabilities	Operating lease liability, current	$	776	$	726
Noncurrent:
Operating lease liabilities	Operating lease liability, long-term		3,644		4,235
Total lease liabilities		$	4,420	$	4,961

Schedule of Components of Lease Cost

The components of lease cost under ASC 842 included within research and development expenses and general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive loss were as follows (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
Lease cost	2023		2022			2023			2022
Operating lease cost	$	286	$	286		$	857		$	857
Variable lease cost	152		130			400			393
Sublease income		—		(134	)		(134	)		(403	)
Total lease cost	$	438	$	282		$	1,123		$	847

Schedule of Future Minimum Annual Lease Commitments under Non-cancellable Operating Leases

Future minimum annual lease commitments under the Company’s non-cancelable operating leases as of September 30, 2023 were as follows (in thousands):

Year ended December 31,	Amount
2023 (remaining 3 months)	$	269
2024		1,098
2025		1,131
2026		1,165
2027		1,200
Thereafter		404
Total lease payments		5,267
Less: interest		(847	)
Present value of operating lease liabilities	$	4,420