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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Operating Leases

The Company has the following operating leases:

Location

 

Primary Use

 

Lease
Expiration Date

 

Renewal Option

Copenhagen, Denmark

 

Corporate headquarters

 

November 2029

 

None

 

Quantitative Information Regarding Leases

Quantitative information regarding the Company’s leases for the years ended December 31, 2024 and 2023 is as follows (in thousands):

 

 

Year Ended
December 31,

 

Lease Cost:

 

2024

 

 

2023

 

Operating lease cost

 

$

224

 

 

$

571

 

 

 

 

 

 

 

 

Other Information:

 

 

 

 

 

 

Operating cash flows paid for amounts included in the
   measurement of lease liabilities

 

$

223

 

 

$

565

 

Operating lease liabilities arising from obtaining right-of-use
   assets

 

$

 

 

$

 

Summary of Operating Lease Liabilities

Operating lease liabilities are as follows at December 31, 2024 (in thousands):

 

 

Operating
Leases

 

 2025

 

$

18

 

 2026

 

 

18

 

 2027

 

 

18

 

 2028

 

 

18

 

 2029

 

 

17

 

Total lease payments

 

 

89

 

Less: imputed interest

 

 

(16

)

Total lease liabilities

 

$

73