Operating Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Information Related to Lease

The following table summarizes information related to the Company’s leases (in thousands):

	As of December 31,
	2023		2022
Assets:
Operating lease right-of-use assets	$	1,169	$	1,522
Liabilities:
Operating lease liabilities, current	$	434	$	394
Operating lease liabilities, non-current	833		1,267
Total operating lease liabilities	$	1,267	$	1,661

Schedule of Rent Expense

Rent expense for the years ended December 31, 2023 and 2022 is presented on the following table (in thousands):

	Year Ended December 31,
	2023		2022
Operating lease rent expense	$	461	$	382

Cash paid for leases and included in operating cash flows for the years ended December 31, 2023 and 2022 is presented on the following table (in thousands):

	Year Ended December 31,
	2023		2022
Cash paid included in operating cash flows	$	502	$	291

Schedule of Future Minimum Lease Payments Required under Operating Lease

The future minimum lease payments required under the operating leases as of December 31, 2023, are summarized below (in thousands):

Future Minimum Lease Payments:
2024	$	512
2025	320
2026	231
2027	280
2028	109
Total minimum lease payments	$	1,452
Less: amount representing interest	(185)
Present value of operating lease liabilities	$	1,267
Less: operating lease liabilities, current	(434)
Operating lease liabilities, non-current	$	833
Remaining lease term (in years)	3.76
Incremental borrowing rate	7.5		%