Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Presentation of Operating Leases on Condensed Consolidated Balance Sheet

The following table summarizes the presentation of the Company’s operating leases on its condensed consolidated balance sheets (in thousands):

Leases	Balance sheet classification	March 31, 2024		December 31, 2023
Assets:
Operating lease assets	Operating lease right-of-use assets	$	4,205	$	4,429
Total lease assets		$	4,205	$	4,429
Liabilities:
Current:
Operating lease liabilities	Operating lease liability, current	$	944	$	877
Noncurrent:
Operating lease liabilities	Operating lease liability, long-term		3,501		3,767
Total lease liabilities		$	4,445	$	4,644

Schedule of Components of Lease Cost

The components of lease cost under ASC 842 included within research and development expenses and general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive loss were as follows (in thousands):

	Three Months Ended March 31,
Lease cost	2024		2023
Operating lease cost	$	317	$	286
Variable lease cost		129		95
Sublease income		—		(134	)
Total lease cost	$	446	$	247

Schedule of Future Minimum Annual Lease Commitments under Non-cancellable Operating Leases

Future minimum annual lease commitments under the Company’s non-cancelable operating leases as of March 31, 2024 were as follows (in thousands):

Fiscal Year	Amount
2024 (remaining 9 months)	$	946
2025		1,305
2026		1,339
2027		1,200
2028		404
Thereafter		—
Total lease payments		5,194
Less: interest		(749	)
Present value of operating lease liabilities	$	4,445