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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2023
Related Party Transaction [Line Items]  
Summary of Lease Costs, Cash Flow Related to Operating Lease, Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate

The components of lease cost were as follows (in thousands):

 

 

Year Ended
December 31,

 

 

2023

 

 

2022

 

Operating lease cost(1)

 

 

 

 

 

 

Fixed lease cost

 

$

1,458

 

 

$

763

 

Short-term cost

 

 

145

 

 

 

79

 

Total operating lease cost

 

$

1,603

 

 

$

842

 

Schedule of Related Party Transactions

The Company’s results from transactions with related parties, as reflected in the consolidated statements of operations are detailed below. Except as noted below, all transactions in the table below relate to the Company’s arrangements with UMD (in thousands):

 

 

Year Ended
December 31,

 

 

2023

 

 

2022

 

Revenue

 

$

4,585

 

 

$

4,022

 

Cost of revenue

 

 

132

 

 

 

51

 

Research and development(1)

 

 

1,035

 

 

 

1,082

 

Sales and marketing(2)

 

 

57

 

 

 

131

 

General and administrative(3)

 

 

116

 

 

 

117

 

 

(1)
Included in research and development are expenses attributable to Duke of $0.5 million for each of the years ended December 31, 2023 and 2022.
(2)
Included in sales and marketing are expenses attributable to Duke of less than $0.1 million and zero for the years ended December 31, 2023 and 2022, respectively.
(3)
Included in general and administrative are expenses attributable to Duke of less than $0.1 million and zero for the years ended December 31, 2023 and 2022, respectively.

The Company has the following balances related to transactions with related parties, as reflected in the consolidated balance sheets. Except as noted below, all transactions in the table below relate to the Company’s arrangements with UMD (in thousands):

 

 

 

December 31,

 

 

December 31,

 

 

2023

 

 

2022

 

Assets

 

 

 

 

 

 

Prepaid expenses and other current assets ($520 and $520 attributable
   to Duke)

 

$

531

 

 

$

529

 

Operating lease right-of-use asset

 

 

3,452

 

 

 

3,753

 

Other noncurrent assets ($805 and $1,325 attributable to Duke)

 

 

805

 

 

 

1,325

 

Liabilities

 

 

 

 

 

 

Accounts payable ($6 and zero attributable to Duke)

 

$

6

 

 

$

29

 

Accrued expenses ($6 and zero attributable to Duke)

 

 

124

 

 

 

 

Current operating lease liabilities

 

 

661

 

 

 

591

 

Unearned revenue

 

 

2,670

 

 

 

3,514

 

Non-current operating lease liabilities

 

 

3,181

 

 

 

3,459

 

UMD [Member]  
Related Party Transaction [Line Items]  
Summary of Lease Costs, Cash Flow Related to Operating Lease, Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate The lease costs and cash flow related to the operating lease were as follows (in thousands):

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Fixed lease cost

 

$

763

 

 

$

763

 

Lease payments

 

$

671

 

 

$

644

 

 

A summary of the weighted-average remaining lease term and weighted-average discount rate is presented below:

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Weighted-average remaining lease term (in years)

 

6.9

 

 

7.9

 

Weighted-average discount rate

 

 

11.9

%

 

 

11.9

%