Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

5. Leases

The Company's primary operating lease is for space at a data center which was renewed in April 2022 and expires in 2025. In April 2023, the Company finalized exercising an option to decrease the space at the data center under the operating lease. As of March 31, 2024, the weighted-average rate used in discounting the lease liabilities for right-of-use (“ROU”) operating leases was 6.0% and the weighted-average remaining lease term for ROU operating leases was 1.0 years.

As of March 31, 2024 and December 31, 2023 the Company had operating lease ROU assets of $1,613 and $1,912, respectively. Operating lease costs, consisting primarily of rental expense, were approximately $424 and $503 for the three months ended March 31, 2024 and 2023, respectively. Variable rent expense was not significant for the three and three months ended March 31, 2024 and 2023.

The maturities of operating lease liabilities as of March 31, 2024 are as follows:

2024 (remaining)		1,243
2025		414
Total lease payments		1,657
Less: Amount representing imputed interest		(44	)
Present value of lease liabilities		1,613
Less: Current portion of lease liabilities		(1,613	)
Non-current portion of lease liabilities	$	—

Supplemental cash flow information related to operating leases was as follows:

	Three Months Ended		Three Months Ended
	March 31, 2024		March 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	424	$	504
ROU assets obtained in exchange for lease liabilities:		72		161