Leases, Right-of-Use Assets and Related Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Leases, Right-of-Use Assets and Related Liabilities

Schedule of Lease, Cost

The following tables present the (i) other quantitative information and (ii) future minimum payments under non-cancelable financing and operating leases as they relate to the Company’s leases (in thousands, except for weighted averages):

	Nine Months Ended September 30,
	2024			2023
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	578		$	22
Operating cash flows from operating leases	$	296		$	236
Finance cash flows from finance leases	$	128		$	2
Right-of-use asset obtained in exchange for new finance lease liabilities	$	2,731		$	—
Right-of-use asset obtained in exchange for new operating lease liabilities	$	32		$	199
Weighted-average remaining lease term, finance lease (months)		39			309
Weighted-average remaining lease term, operating leases (months)		48			65
Weighted-average discount rate - finance leases (1)		17	%		12	%
Weighted-average discount rate - operating leases (1)		6	%		6	%

(1) When our leases do not provide an implicit interest rate, we calculate the lease liability at lease commencement as the present value of unpaid lease payments using our estimated incremental borrowing rate. The incremental borrowing rate represents the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term and is determined using a portfolio approach based on information available at the commencement date of the lease.

Schedule of Operating Lease, Liability, Fiscal Year Maturity

Year Ending December 31,	Operating Leases		Finance Leases
2024 (remaining)	$	112	$	682
2025		411		1,877
2026		367		26
2027		335		27
2028		343		26
2029 and thereafter		—		543
Total		1,568		3,181
Less: amounts representing present value discounts		166		695
Total lease liabilities		1,402		2,486
Less: current portion		351		1,873
Non-current portion	$	1,051	$	613

Schedule of Finance Lease, Liability, Fiscal Year Maturity

Year Ending December 31,	Operating Leases		Finance Leases
2024 (remaining)	$	112	$	682
2025		411		1,877
2026		367		26
2027		335		27
2028		343		26
2029 and thereafter		—		543
Total		1,568		3,181
Less: amounts representing present value discounts		166		695
Total lease liabilities		1,402		2,486
Less: current portion		351		1,873
Non-current portion	$	1,051	$	613