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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense as of September 30, 2024 and 2023 were as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

77

 

 

$

57

 

 

$

173

 

 

$

179

 

Total lease cost

 

$

77

 

 

$

57

 

 

$

173

 

 

$

179

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities, included in operating cash flows

 

$

60

 

 

$

59

 

 

$

163

 

 

$

161

 

Weighted-average remaining lease term

 

 

1.41

 

 

 

2.35

 

 

 

1.41

 

 

 

2.35

 

Weighted-average discount rate

 

 

1.63

%

 

 

1.63

%

 

 

1.63

%

 

 

1.63

%

Schedule of Maturities of Lease Liabilities

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

 

2024

 

$

60

 

2025

 

 

187

 

2026

 

 

52

 

Total lease payment

 

 

299

 

Less: amount representing imputed interest

 

 

(3

)

Total future minimum lease obligations

 

$

296