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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Lessee Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense included in the Company’s statements of operations and loss include (in thousands):

 

 

Years ended December 31,

 

 

 

2023

 

 

2022

 

Operating lease expense

 

$

1,043

 

 

$

1,043

 

Variable lease expense

 

 

544

 

 

 

460

 

Total lease expense, net

 

$

1,587

 

 

$

1,503

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and weighted average discount rate for operating leases were as follows:

 

 

December 31,

 

 

 

2023

 

 

2022

 

Weighted average remaining lease term (in years)

 

 

1.5

 

 

 

2.5

 

Weighted average discount rate percentage

 

 

3.50

%

 

 

3.50

%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):

 

 

Years ended December 31,

 

 

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of operating leases

 

$

1,500

 

 

$

1,555

 

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2023 were as follows (in thousands):

Years ending December 31:

 

Operating
lease

 

2024

 

$

1,685

 

2025

 

 

845

 

Thereafter

 

 

 

Total future lease payments

 

 

2,530

 

Less imputed interest

 

 

(70

)

Total operating lease liabilities

 

$

2,460