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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense for the Company's operating leases in its unaudited consolidated statements of operations and comprehensive loss were as follows:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Operating lease costs

 

$

13,682

 

 

$

14,308

 

Variable lease costs and short-term lease costs were not material.

The weighted-average remaining lease term and discount rate for operating lease liabilities included in the consolidated balance sheets are as follows:

 

 

March 31, 2024

 

 

December 31, 2023

 

Weighted-average remaining lease term (in years)

 

 

4.5

 

 

 

4.6

 

Weighted-average discount rate

 

 

7.22

%

 

 

7.11

%

Summary of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

16,029

 

 

$

15,339

 

Noncash lease activity

 

 

 

 

 

 

Right-of-use lease assets obtained in exchange for new operating lease liabilities

 

$

4,828

 

 

$

6,878

 

Summary of Future Minimum Lease Payments

The future minimum lease payments under noncancellable operating leases as of March 31, 2024 are as follows:

Year Ended December 31,

 

Amount

 

Remainder of 2024

 

$

47,647

 

2025

 

 

63,170

 

2026

 

 

55,683

 

2027

 

 

42,088

 

2028

 

 

29,683

 

Thereafter

 

 

24,085

 

Total lease payments

 

$

262,356

 

Less: imputed interest

 

 

(39,372

)

Total lease liabilities

 

$

222,984

 

Related party lease transactions were not material as of March 31, 2024 and December 31, 2023 and for the three months ended March 31, 2024 and 2023.