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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Components of Lease Expense The components of lease expense for the three and six months ended June 30, 2024 and 2023 were as follows.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

(in thousands)

 

 

(in thousands)

 

 

Operating lease costs

 

$

82

 

 

$

25

 

 

$

160

 

 

$

42

 

 

Short-term lease costs

 

 

11

 

 

 

28

 

 

 

21

 

 

 

57

 

 

    Total lease costs

 

 

93

 

 

 

53

 

 

 

181

 

 

 

99

 

 

Schedule of Future Minimum Rental Payments under Operating Leases

The following represents the Company’s minimum annual rental payments under operating leases for each of the next five years and thereafter:

 

Fiscal Year Ending December 31,

 

Operating

 

 

 

(in thousands)

 

 2024 (remaining)

 

 

177

 

 2025

 

 

282

 

 2026

 

 

78

 

 2027

 

 

78

 

 2028

 

 

33

 

Thereafter

 

 

 

Total future minimum lease payments

 

 

648

 

Less: imputed interest

 

 

(56

)

Present value of operating lease liability

 

$

592

 

 

 

 

Less: current portion of lease liability

 

 

327

 

Non-current portion of lease liability

 

 

265

 

Present value of operating lease liability

 

$

592