Leases

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

8. Leases

The Company has historically entered into lease arrangements for its facilities. As of June 30, 2024, the Company had four operating leases with required future minimum payments. The Company’s leases generally do not include termination or purchase options.

Operating Leases

The following tables contain a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)
Operating Leases - Lease Costs
Operating lease costs	$	593	$	593	$	1,187	$	1,186
Short-term lease costs		15		32		34		46
Variable lease costs		83		60		168		100
Total lease costs	$	691	$	685	$	1,389	$	1,332

	Six Months Ended June 30,
	2024			2023
	(in thousands, except as specified otherwise)
Other Operating Lease Information
Operating cash flows used for operating leases	$	1,223		$	1,202
Right-of-use assets obtained in exchange for new operating lease liability	$	—		$	149
Weighted-average remaining lease term (in years)		1.00			1.95
Weighted-average discount rate		4.3	%		4.1	%