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Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2023

Summary of Lease Costs, Cash Flow Related to Operating Lease, Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate

The components of lease cost were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease cost(1)
Fixed lease cost	$	365	$	190	$	1,085	$	572
Short-term cost		35		18		117		48
Total operating lease cost	$	400	$	208	$	1,202	$	620

Schedule of Related Party Transactions

The Company’s results from transactions with related parties, as reflected in the condensed consolidated statements of operations are detailed below. Except as noted below, all transactions in the table below relate to the Company’s arrangements with UMD (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Revenue	$	1,296	$	1,014	$	3,308	$	3,008
Cost of revenue		51		13		83		39
Research and development(1)		243		274		789		814
Sales and marketing(2)		12		30		43		99
General and administrative		14		29		88		87

(1)

Included in research and development are expenses attributable to Duke of $0.1 million for each of the three months ended September 30, 2023 and 2022, and $0.4 million for each of the nine months ended September 30, 2023 and 2022.

(2)

Included in sales and marketing are expenses attributable to Duke of zero for each of the three months ended September 30, 2023 and 2022, and less than $0.1 million and zero for the nine months ended September 30, 2023 and 2022, respectively.

The Company has the following balances related to transactions with related parties, as reflected in the condensed consolidated balance sheets. Except as noted below, all transactions in the table below relate to the Company’s arrangements with UMD (in thousands):


	September 30,		December 31,
	2023		2022
Assets
Prepaid expenses and other current assets ($520 and $520 attributable to Duke)	$	520	$	529
Operating lease right-of-use asset		3,529		3,753
Other noncurrent assets ($935 and $1,325 attributable to Duke)		935		1,325
Liabilities
Accounts payable ($7 and zero attributable to Duke)	$	63	$	29
Current operating lease liabilities		647		591
Unearned revenue		1,957		3,514
Non-current operating lease liabilities		3,255		3,459

UMD [Member]

Summary of Lease Costs, Cash Flow Related to Operating Lease, Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate

The lease costs and cash flow related to the operating lease were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Fixed lease cost	$	191	$	190	$	572	$	572
Lease payments	$	166	$	161	$	498	$	482

A summary of the weighted-average remaining lease term and weighted-average discount rate is presented below:


	September 30,			December 31,
	2023			2022
Weighted-average remaining lease term (in years)	7.2			7.9
Weighted-average discount rate		11.9	%		11.9	%