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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Lessee Disclosure [Abstract]  
Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to operating leases was as follows (in thousands):

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

383

 

 

$

243

 

Schedule of Present Value Assumptions used in Calculating Present Value of Lease Payments

The present value assumptions used in calculating the present value of the lease payments were as follows:

 

 

 

June 30, 2024

 

 

December 31, 2023

 

Weighted-average remaining lease term

 

2.9 years

 

 

2.2 years

 

Weighted-average discount rate

 

 

4.76

%

 

 

4.78

%

 

Schedule of Maturity of Operating Lease Liabilities

As of June 30, 2024, undiscounted future minimum payments under the Company’s operating leases were as follows (in thousands):

 

 

 

Amount

 

Remaining in 2024

 

$

474

 

2025

 

 

735

 

2026

 

 

598

 

2027

 

 

281

 

Total undiscounted lease payments

 

 

2,088

 

Less: imputed interest

 

 

(132

)

Total lease liabilities

 

 

1,956

 

Less: current portion of lease liabilities

 

 

(659

)

Lease liabilities, net of current portion

 

$

1,297