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

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

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of lease liabilities

$

631

 

 

$

364

 

 

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:

 

 

September 30, 2024

 

 

December 31, 2023

 

Weighted-average remaining lease term

2.6 years

 

 

2.2 years

 

Weighted-average discount rate

 

4.76

%

 

 

4.78

%

Schedule of Maturity of Operating Lease Liabilities

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

 

 

Amount

 

Remaining in 2024

$

240

 

2025

 

766

 

2026

 

617

 

2027

 

286

 

Total undiscounted lease payments

 

1,909

 

Less: imputed interest

 

(114

)

Total lease liabilities

 

1,795

 

Less: current portion of lease liabilities

 

(694

)

Lease liabilities, net of current portion

$

1,101