Leases

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

10. Leases

The Company has a non-cancelable operating lease agreement for its office space in Boston, Massachusetts at 225 Franklin Street ("225 Lease"). The 225 Lease commencement date was January 1, 2022 and the 225 Lease runs through December 31, 2026. The 225 Lease does not contain any options for renewal or extension.

The following assets and liabilities are recorded on the Company’s consolidated balance sheet as of June 30, 2024.

	As of June 30,
	2024
Right-of-use asset	$	1,538
Current lease liability		780
Non-current lease liability		1,245

Future minimum payments under the 225 Lease, currently the Company’s only operating lease as of June 30, 2024 were as follows.

	As of June 30,
	2024
Remainder of 2024	$	411
2025		838
2026		855
Total lease payments		2,104
Less amount representing implied interest		79
Total lease liability	$	2,025
Current portion of operating lease liabilities	$	780
Non-current portion of operating lease liabilities	$	1,245

For the three months ended June 30, 2024 and 2023, respectively, the Company recorded operating lease costs of $162, relating to its operating lease agreements. For the six months ended June 30, 2024 and 2023, respectively, the Company recorded operating lease costs of $323, relating to its operating lease agreements.