Operating Leases

9 Months Ended

Sep. 30, 2023

Operating Leases [Abstract]

Operating Leases

7. Operating Leases

The Company leases its headquarters office space in Minnesota and leases office space in Germany. The lease for the Company’s headquarters office space expires at the end of 2027. This headquarters office space lease is with a stockholder, which is considered a related party. The lease of the office space in Germany is not with a related party and is immaterial.

The components of leases and lease costs were as follows (in thousands):

	September 30, 2023		December 31, 2022
Operating lease right-of-use assets (related party)	$	494	$	577
Operating lease liability, current portion (related party)	$	149	$	125
Operating lease liabilities, net of current portion (related party)		440		565
	$	589	$	690

	Nine Months Ended September 30,
	2023		2022
Operating lease cost	$	97	$	97
	$	97	$	97

Other supplemental information of lease amounts recognized in the unaudited condensed consolidated financial statements is summarized as follows:

	Nine Months Ended September 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	113	$	111

	September 30, 2023			December 31, 2022
Weighted-average remaining lease term - in years		4.2			4.9
Weighted-average discount rate		5.0	%		5.0	%

Future minimum lease payments associated with these leases were as follows on September 30, 2023 (in thousands):

	Amount
2023 (remaining)	$	28
2024		162
2025		154
2026		155
2027		99
		598
Less: Imputed interest		(9	)
	$	589