Leases

6 Months Ended

Jun. 30, 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 June 30, 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 0.8 years.

Operating lease costs, consisting primarily of rental expense, were approximately $431 and $855 for the three and six months ended June 30, 2024, respectively, and $461 and $964 for the three and six months ended June 30, 2023, respectively. Variable rent expense was not significant for the three and six months ended June 30, 2024 and 2023.

The maturities of operating lease liabilities as of June 30, 2024 are as follows:

2024 (remaining)		829
2025		414
Total lease payments		1,243
Less: Amount representing imputed interest		(24	)
Present value of lease liabilities		1,219
Less: Current portion of lease liabilities		(1,219	)
Non-current portion of lease liabilities	$	—

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

	Six Months Ended		Six Months Ended
	June 30, 2024		June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	855	$	964
ROU assets obtained in exchange for lease liabilities:		72		161