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Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases LEASES
All of our leases are operating leases and each contain customary rent escalation clauses. Certain of the leases have both lease and non-lease components. We have elected to account for each separate lease component and the non-lease components associated with that lease component as a single lease component for all classes of underlying assets.
The following table provides additional details of our facility leases presented in our condensed balance sheets (dollars in thousands):
FacilitiesMarch 31, 2024December 31, 2023
Right-of-use assets$4,641$5,589
Current portion of lease liabilities4,3144,435
Operating lease liability, net of current portion7781,725
Total lease liabilities$5,092$6,160
Weighted-average remaining life (years)1.31.6
Weighted-average discount rate6.8 %6.8 %
The lease costs, which are included in operating expenses in our condensed statements of operations and comprehensive loss, were as follows (in thousands):
Three Months Ended March 31,
20242023
Operating lease expense$1,046 $1,064 
Cash paid for operating lease$1,166 $1,098 
The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of March 31, 2024 (in thousands):
Remainder of 2024$3,550 
20251,450 
2026329 
Thereafter— 
Total undiscounted operating lease payments5,329 
Imputed interest expenses(237)
Total operating lease liabilities5,092 
Less: Current portion of operating lease liability(4,314)
Operating lease liability, net of current portion$778