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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases as of June 30, 2024 and December 31, 2023 are as follows (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Other current liabilities – operating lease current portion

 

$

1,130

 

 

$

563

 

Operating lease liabilities – noncurrent portion

 

 

22,164

 

 

 

4,906

 

Total operating lease liabilities

 

$

23,294

 

$

5,469

 

Summary of Lease Expense

The elements of lease expense were as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Lease expense included in:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

518

 

 

$

291

 

 

$

809

 

 

$

582

 

General and administrative

 

 

65

 

 

 

65

 

 

 

130

 

 

 

129

 

Variable lease costs

 

 

63

 

 

 

14

 

 

 

135

 

 

 

59

 

Total lease expense

 

$

646

 

 

$

370

 

 

$

1,074

 

 

$

770

 

Schedule of Future Minimum Lease Payments Under Non-Cancellable Leases

The Company’s total future minimum lease payments under non-cancellable leases at June 30, 2024 were as follows (in thousands):

 

 

 

Operating Leases

 

Remainder of 2024

 

$

1,227

 

2025

 

 

3,794

 

2026

 

 

4,136

 

2027

 

 

4,225

 

2028

 

 

3,322

 

Thereafter

 

 

31,900

 

Total lease payments

 

$

48,604

 

Less imputed interest

 

 

(25,310

)

Total

 

$

23,294