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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Summary of Assets and Liabilities Recorded on Balance Sheet

The following assets and liabilities are recorded on the Company’s consolidated balance sheet as of September 30, 2023.

 

 

As of September 30,

 

 

 

2023

 

Right-of-use asset

 

$

1,970

 

Current lease liability

 

 

750

 

Non-current lease liability

 

 

1,835

 

 

Summary of Future Minimum Payments under Operating Leases

Future minimum payments under the 225 Lease, currently the Company’s only operating lease as of September 30, 2023 were as follows.

 

 

As of September 30,

 

 

 

2023

 

Remainder of 2023

 

$

201

 

2024

 

 

821

 

2025

 

 

838

 

2026

 

 

855

 

Total lease payments

 

 

2,715

 

Less amount representing implied interest

 

 

(130

)

Total lease liability

 

$

2,585

 

Current portion of operating lease liabilities

 

$

750

 

Non-current portion of operating lease liabilities

 

$

1,835