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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 are as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

(in thousands)

 

2024

 

 

2023

 

Operating lease costs

 

$

334

 

 

$

194

 

Variable lease costs

 

 

92

 

 

 

62

 

Total lease cost

 

$

427

 

 

$

256

 

Schedule of Other Information

Other information related to leases was as follows:

 

 

 

Three Months Ended March 31,

 

Supplemental Cash Flows Information (in thousands)

 

2024

 

 

2023

 

Operating lease right of use assets obtained in exchange for operating lease liabilities

 

$

82

 

 

$

1,266

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

335

 

 

$

174

 

 

 

 

 

March 31, 2024

 

 

December 31, 2023

 

Weighted average remaining lease term (years)

 

 

2.7

 

 

 

2.9

 

Weighted average discount rate

 

 

5.0

%

 

 

8.5

%

Schedule of Future Maturities of Lease Liabilities

Future maturities of lease liabilities were as follows as of March 31, 2024:

 

(in thousands)

 

Operating Leases

 

Remainder of 2024

 

$

1,020

 

2025

 

 

610

 

2026

 

 

443

 

2027

 

 

346

 

2028

 

 

136

 

Thereafter

 

 

17

 

Total future minimum lease payments

 

$

2,572

 

Less: imputed interest

 

 

179

 

Present value of lease liabilities

 

$

2,393