Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Quantitative Information About Operating and Finance Leases

The following summarizes quantitative information about the Company's operating and finance leases (in thousands):

	For the Years Ended
	December 31, 2023		December 31, 2022
Operating leases:
Operating lease cost	$	956	$	816
Variable lease cost	$	956	$	816
Finance leases:
Interest lease cost	$	259	$	—
Depreciation expense	760		—
Total finance lease expense	$	1,019	$	—

Other information related to the Company’s leases is shown below (dollar amounts in thousands):

	For the Years Ended
	December 31, 2023		December 31, 2022
Operating cash flows used in operating leases	$	(839)	$	(774)

	December 31, 2023			December 31, 2022
Weighted-average remaining lease term – operating leases (in years)	7.4			8.5
Weighted-average remaining lease term – finance leases (in years)	3.8			NA
Weighted-average discount rate – operating leases	10.00		%	10.00	%
Weighted-average discount rate – finance leases	7.56		%	NA
Finance lease asset (1)	$	5,809		NA

(1) As of December 31, 2023, the Company had recorded accumulated depreciation of approximately $760,000 for the finance lease asset. Finance lease assets are recorded within property and equipment, net on the Company’s condensed consolidated balance sheets.

Schedule of Maturity of Operating Leases

Minimum lease payments over the remaining lease periods as of December 31, 2023 are as follows (amounts in thousands):

	Operating Lease		Finance Lease		Total
Year Ended December 31, 2024	$	952	$	1,840	$	2,792
Year Ended December 31, 2025	977		1,840		2,817
Year Ended December 31, 2026	941		1,840		2,781
Year Ended December 31, 2027	955		1,188		2,143
Year Ended December 31, 2028	982		122		1,104
Thereafter	2,667		—		2,667
Total lease payments	7,474		6,830		14,304
Less present value discount	(2,284)		(898)		(3,182)
Total	$	5,190	$	5,932	$	11,122