Commitments (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Supplemental Balance Sheet and Other Information related to Operating and Finance Leases

Supplemental balance sheet and other information related to our operating and finance leases as of June 30, 2024 and December 31, 2023 were as follows:

(in thousands)
Leases	Classification	June 30, 2024			December 31, 2023
Assets
Operating	Operating lease right-of-use assets	$	29,574		$	30,412
Finance	Property and equipment, net		583			—
Total leased assets		$	30,157		$	30,412
Liabilities
Current:
Operating	Current liabilities, operating lease liability	$	2,232		$	1,481
Finance	Current liabilities, finance lease liability		507			—
Non-Current:
Operating	Operating lease liability		15,465			15,407
Total lease liabilities		$	18,204		$	16,888
Weighted-average discount rate
Operating lease			15.0	%		15.0	%
Finance lease			10.5	%
Weighted-average remaining lease term (years)
Operating lease			13.0			13.5
Finance lease			0.8

Schedule of Supplemental Cash Flow Information related to leases

Supplemental cash flow information related to our leases for the six months ended June 30, 2024 and 2023 were as follows:

	Six months ended June 30,
(in thousands)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating lease	$	467	$	964
Operating cash flows from finance lease	10			—
Financing cash flows from finance lease	96			—
Non-cash transaction
Right-of-use asset obtained in exchange for lease obligations:
Finance lease	603			—

Schedule of Future Minimum Annual Lease Payments Under Operating and Finance Lease

Future minimum annual lease payments for operating and finance lease at June 30, 2024 are as follows:

(in thousands)	Operating lease			Finance lease
2024 (remaining)	$	1,145		$	319
2025		2,746			213
2026		2,979			-
2027		3,054			-
2028		3,130			-
2029		3,209			-
Thereafter		26,427			-
Total undiscounted lease payments		42,690			532
Less imputed interest		(24,993	)		(25	)
Lease liability	$	17,697		$	507