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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Terms and Discount Rate

The following table summarizes lease terms and discount rate:

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Weighted-average remaining lease term (years)

 

 

4.2

 

 

 

4.6

 

Weighted-average discount rate

 

 

4.74

%

 

 

4.75

%

Schedule of Cash Flow and Other Information

The following table summarizes the cash flow and other information:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease liabilities arising from obtaining right-of-use assets (non-cash)

 

$

73

 

 

$

981

 

 

$

235

 

 

$

1,059

 

Operating cash flows used in operating leases

 

$

421

 

 

$

278

 

 

$

768

 

 

$

549

 

Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases

As of June 30, 2024, the Company had the following future minimum lease payments under non-cancelable operating leases for the remainder of 2024 and the future years thereafter (in thousands):

 

Year ending December 31:

 

 

 

2024

 

$

754

 

2025

 

 

1,503

 

2026

 

 

1,467

 

2027

 

 

968

 

2028

 

 

786

 

Thereafter

 

 

580

 

Total lease payments

 

 

6,058

 

Less: interest

 

 

(542

)

Total lease liability

 

$

5,516

 

Lease liabilities, current

 

$

1,277

 

Lease liabilities, net of current portion

 

$

4,239