XML 40 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Components of Lease Expense

The following table summarizes the components of lease expense for the three and six months ended June 30, 2024 and 2023, which are included in operating expenses in the Company’s condensed statements of operations (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease cost

 

$

698

 

 

$

698

 

 

$

1,397

 

 

$

1,397

 

Variable lease cost

 

 

354

 

 

 

311

 

 

 

707

 

 

 

622

 

Total

 

$

1,052

 

 

$

1,009

 

 

$

2,104

 

 

$

2,019

 

Summary of Supplemental Information Related to Operating Leases

The following table summarizes supplemental information related to operating leases:

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Weighted-average remaining lease term (in years):

 

 

5.2

 

 

 

5.7

 

Weighted-average discount rate:

 

 

7.8

%

 

 

7.8

%

 

Summary of Maturities of Lease Liabilities

The following table summarizes the maturities of lease liabilities as of June 30, 2024 (in thousands):

 

2024 (remaining six months)

 

$

1,588

 

2025

 

 

3,244

 

2026

 

 

3,135

 

2027

 

 

2,810

 

2028

 

 

2,894

 

Thereafter

 

 

2,982

 

Total future minimum lease payments

 

 

16,653

 

Less: Amount representing interest

 

 

(2,997

)

Present value of future minimum lease payments

 

 

13,656

 

Less: Current portion of operating lease liabilities

 

 

3,196

 

Long-term portion of operating lease liabilities

 

$

10,460