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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Summary of Future Minimum Lease Payments

Future minimum lease payments under these leases are as follows:

 

 

Lease Amounts

 

 

 

(in thousands)

 

2024 (remaining three months)

 

$

202

 

2025

 

 

991

 

2026

 

 

938

 

2027

 

 

480

 

2028

 

 

122

 

Total future minimum lease payments

 

 

2,733

 

Less: Imputed Interest

 

 

(279

)

Present value of operating lease liabilities

 

$

2,454

 

Less: Current portion

 

 

884

 

Long-term operating lease liabilities

 

$

1,570

 

 

 

 

 

Weighted average remaining lease term in years

 

 

2.84

 

Weighted average discount rate

 

 

8.10

%

 

 

 

 

Components of Lease Expense and Related Cash Flows The components of lease expense and related cash flows were as follows:

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

(in thousands)

 

Rent expense

 

$

297

 

 

$

373

 

 

$

969

 

 

$

1,140

 

Variable lease costs

 

 

48

 

 

 

17

 

 

 

49

 

 

 

81

 

Total

 

$

345

 

 

$

390

 

 

$

1,018

 

 

$

1,221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

(in thousands)

 

Cost of sales

 

$

59

 

 

$

67

 

 

$

189

 

 

$

205

 

General and administrative

 

 

286

 

 

 

323

 

 

 

829

 

 

 

1,016

 

Total

 

$

345

 

 

$

390

 

 

$

1,018

 

 

$

1,221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for operating leases

 

$

310

 

 

$

382

 

 

$

1,008

 

 

$

1,140