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Restructuring
12 Months Ended
Dec. 31, 2023
Restructuring [Abstract]  
Restructuring
Note 15. Restructuring

The Company committed to organizational restructurings during the first and third quarters of 2023, designed to decrease its costs and create a more streamlined organization to support its business. As of December 31, 2023, the Company has recorded a restructuring liability of $0.5 million, which is included in Accrued expenses and other current liabilities in the Consolidated Balance Sheets.

The Company’s restructuring costs, primarily for cash severance and other severance costs, are allocated to the following operating expense categories as follows (in thousands):

   
Research and
Development
   
Selling,
general and
administrative
   
Total
 
Balance as of December 31, 2022
 
$
-
   
$
-
   
$
-
 
Restructuring charges incurred(1)
   
3,083
     
1,421
     
4,504
 
Cash payments and other adjustments(1)
   
(2,570
)
   
(1,415
)
   
(3,985
)
Balance as of December 31, 2023
 
$
513
   
$
6
   
$
519
 
Current liabilities
                 
$
519
 
Long-term liabilities
                   
-
 
Total liabilities as of December 31, 2023
                 
$
519
 

(1)
Restructuring charges incurred and Cash payments and other adjustments include non-cash charges related to stock-based compensation expenses.

The Company expects to incur additional restructuring charges of approximately $0.1 million. The Company estimates these additional restructuring charges to be primarily comprised of cash severance and other severance costs. The Company’s restructuring activities are expected to be complete in the first quarter of 2024.