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Leases (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Leases [Abstract]    
Schedule of Components of Lease Expense and Other Information The components of lease expense and other information for the three and nine months ended September 30, 2024 and 2023 were as follows.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

(in thousands)

 

 

(in thousands)

 

 

Operating lease costs

 

$

122

 

 

$

25

 

 

$

282

 

 

$

67

 

 

Short-term lease costs

 

 

10

 

 

 

3

 

 

 

31

 

 

 

61

 

 

    Total lease costs

 

 

132

 

 

 

28

 

 

 

313

 

 

 

128

 

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liability

 

$

122

 

 

$

25

 

 

$

282

 

 

$

67

 

 

 
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)

 

 

89

 

 2025

 

 

282

 

 2026

 

 

78

 

 2027

 

 

78

 

 2028

 

 

33

 

Thereafter

 

 

 

Total future minimum lease payments

 

 

560

 

Less: imputed interest

 

 

(48

)

Present value of operating lease liability

 

$

512

 

 

 

 

Less: current portion of lease liability

 

 

302

 

Non-current portion of lease liability

 

 

210

 

Present value of operating lease liability

 

$

512

 

The following represents the Company’s maturities of operating lease liabilities under operating leases for each of the next five years and thereafter:

 

Fiscal Year Ending December 31,

 

Operating

 

 

 

(in thousands)

 

 2024

 

 

78

 

 2025

 

 

78

 

 2026

 

 

78

 

 2027

 

 

78

 

Thereafter

 

 

33

 

Total future minimum lease payments

 

 

345

 

Less: imputed interest

 

 

(62

)

Present value of operating lease liability

 

$

283

 

 

 

 

Less: current portion of lease liability

 

 

54

 

Non-current portion of lease liability

 

 

229

 

Present value of operating lease liability

 

$

283