Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Cost

Net lease cost recognized for 2023 is summarized as follows (in thousands):

	Year Ended December 31, 2023			Year Ended December 31, 2022
Operating lease cost	$	2,577		$	2,378
Sublease income		(1,928	)		(1,928	)
Net lease cost	$	649		$	450

Schedule of lease liabilities based on minimum lease commitment

As of December 31, 2023, the maturities of the lease liabilities based on minimum lease commitment amount are as follows (in thousands):

2024	$	3,022
2025		1,880
2026		-
2027		-
Total minimum lease payments		4,902
Less: Imputed interest		(1,071	)
Present value of operating lease liabilities		3,831
Less: Current portion of operating lease liabilities		(2,436	)
Non-current operating lease liabilities	$	1,395

Schedule of Receivable Future Annual Sublease Payments

As of December 31, 2023, under the terms of the sublease agreement, the Company is entitled to receive future annual sublease payments as follows (in thousands):
 

2024	$	1,954
2025		1,496
Total sublease payments	$	3,450