Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Lease Balance Sheet Information

The following table presents the lease balances within the Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 (in thousands):

		June 30,		December 31,
Leases	Classification	2024		2023
Assets
Operating	Operating leases right-of-use assets	$	10,818	$	2,444
Finance	Property and equipment, net		142		156
Total lease assets			10,960		2,600
Liabilities
Current
Operating	Lease liabilities		710		1,764
Finance	Lease liabilities		26		37
Noncurrent
Operating	Long-term lease liabilities		10,553		1,093
Finance	Long-term lease liabilities		121		118
Total lease liabilities		$	11,410	$	3,012

Schedule of Component of Lease Expense

For the three and six months ended June 30, 2024 and 2023, the components of operating and finance lease expenses were as follows (in thousands):

		Three Months Ended June 30,				Six Months Ended June 30,
Lease Cost	Classification	2024		2023		2024		2023
Operating lease cost	Cost of sales	$	3	$	3	$	7	$	7
	Research and development		23		24		48		61
	Selling, general and administrative		588		438		1,027		887
Finance lease cost	Research and development		—		29		17		63
	Selling, general and administrative		8		9		15		18
Finance lease cost	Interest expense		5		2		11		7

Schedule of Maturities of Lease Liabilities

Maturities of the Company’s operating and finance lease liabilities as of June 30, 2024 were as follows (in thousands):

	Operating			Finance
Year Ended December 31,	Leases			Leases
2024 (remainder)	$	1,004		$	22
2025		2,434			46
2026		2,637			46
2027		2,782			46
2028		2,871			39
2029		2,954			—
Thereafter		3,308			—
Total lease payments		17,990			199
Less: imputed interest		(6,727	)		(52	)
Total lease liabilities	$	11,263		$	147

Summary of Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term and weighted average discount rate used to determine lease liabilities related to the Company’s operating and finance leases as of June 30, 2024 and December 31, 2023 were:

	June 30,			December 31,
Lease Term and Discount Rate	2024			2023
Weighted average remaining lease term (years)
Operating leases		6.58			1.69
Finance leases		4.35			4.37
Weighted average discount rate
Operating leases		14.4	%		10.4	%
Finance leases		14.4	%		14.0	%