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Leases
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases Leases
The Company is obligated under operating leases for certain real estate and office equipment assets. The Company’s finance leases are not material. Certain leases contained predetermined fixed escalation of minimum rents at rates ranging from 2.5% to 5.4% per annum and remaining lease terms of up to ten years, some of which include renewal options that could extend certain leases to up to an additional five years.

The following table presents supplemental information related to leases:
June 30,
2024
June 30,
2023
Weighted average remaining lease term5.095.07
Weighted average discount rate13.43 %10.55 %

The table below summarizes total lease costs for the following periods:

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Operating lease expense$585 $291 $972 $583 
Variable lease expense43 49 69 71 
Short-term lease expense10 31 14 94 
Rent expense$638 $371 $1,055 $748 
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Sublease income recognized (1)
$19 $52 $42 $91 
(1) As of June 30, 2024 and June 30, 2023, the Company has subleased two and four of its real estate leases.

The following table presents supplemental cash flow and non-cash information related to leases:
Six Months Ended June 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from leases$1,003 $691 
Right-of-use assets obtained in exchange for lease obligations - non-cash activity$5,942 $— 

As of June 30, 2024, the future annual minimum lease payments for operating leases are as follows:
Remainder of 2024$1,200 
20252,357 
20262,275 
20271,695 
20281,688 
Thereafter9,065 
Total future minimum lease payments$18,280 
Less: amounts related to imputed interest
7,641 
Present value of future minimum lease payments10,639 
Less: current portion of long-term lease liability
1,077 
Long-term lease liability$9,562