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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Cost and Variable Lease Costs and Sub Lease Income

The following table summarizes operating lease costs and variable lease costs, as well as sublease income:

 

 

 

For the Year ended December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Operating lease costs

 

$

4,273

 

 

$

3,913

 

Variable lease costs

 

 

1,771

 

 

 

2,142

 

Sublease income

 

 

(2,312

)

 

 

(1,979

)

Net lease cost

 

$

3,732

 

 

$

4,076

 

Schedule of Maturities of Operating Lease Liabilities

The maturities of the Company's operating lease liabilities and minimum lease payments as of December 31, 2023 were as follows:

 

For the Years Ending December 31,

 

Amount
(in thousands)

 

2024

 

$

1,380

 

Total undiscounted lease payments

 

$

1,380

 

Less: imputed interest

 

 

(62

)

Present value of operating lease liabilities

 

$

1,318

 

Schedule of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate as of December 31, 2023:

 

 

 

December 31, 2023

 

Weighted-average remaining lease term (years)

 

 

 

Operating leases

 

 

1.0

 

Weighted-average discount rate

 

 

 

Operating leases

 

 

10.5

%

Schedule of Operating Lease Liabilities

The following table summarizes the supplemental cash flow information related to the Company's operating leases:

 

 

 

For the Year ended December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

3,653

 

 

$

3,326

 

Increase in lease liabilities and right-of-use assets
    due to lease remeasurements

 

$

 

 

$

6,262