Leases (Tables)

9 Months Ended

Sep. 30, 2024

Lessee Disclosure [Abstract]

Components of Lease Expense

The components of lease expense included in the Company’s statements of operations and loss include (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease expense	$	261	$	261	$	782	$	782
Variable lease expense		159		147		530		401
Total lease expense, net	$	420	$	408	$	1,312	$	1,183

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and weighted average discount rate for operating leases were as follows:

	As of September 30,
	2024			2023
Weighted average remaining lease term (in years)		0.75			1.75
Weighted average discount rate percentage		3.50	%		3.50	%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Cash paid for amounts included in the measurement of operating leases	$	425	$	411	$	1,260	$	1,226

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of September 30, 2024 were as follows (in thousands):

	Operating lease
Three months ending December 31, 2024		425
2025		845
Thereafter		—
Total future lease payments		1,270
Less: imputed interest		(19	)
Total operating lease liabilities	$	1,251