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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease costs

 

$

332

 

 

$

325

 

 

$

980

 

 

$

802

 

Variable lease costs

 

 

103

 

 

 

99

 

 

 

343

 

 

 

234

 

Total lease cost

 

$

435

 

 

$

424

 

 

$

1,323

 

 

$

1,036

 

Schedule of Other Information

Other information related to leases was as follows:

 

 

 

Nine Months Ended September 30,

 

Supplemental Cash Flows Information (in thousands)

 

2024

 

 

2023

 

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

 

$

159

 

 

$

2,187

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

1,022

 

 

$

743

 

 

 

 

September 30, 2024

 

 

December 31, 2023

 

Weighted average remaining lease term (years)

 

 

2.5

 

 

 

2.9

 

Weighted average discount rate

 

 

4.9

%

 

 

8.5

%

Schedule of Future Maturities of Lease Liabilities

Future maturities of lease liabilities were as follows as of September 30, 2024:

 

(in thousands)

 

Operating Leases

 

Remainder of 2024

 

$

339

 

2025

 

 

736

 

2026

 

 

465

 

2027

 

 

355

 

2028

 

 

136

 

Thereafter

 

 

9

 

Total future minimum lease payments

 

$

2,040

 

Less: imputed interest

 

 

134

 

Present value of lease liabilities

 

$

1,906