Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

13. Leases

The Company has entered into operating leases for its office facilities (including its corporate headquarters) and equipment. The Company has no finance leases.

The following table provides additional information regarding the Company’s leases:

	Three Months Ended March 31,
	2024			2023
Lease cost
Operating lease cost	$	324		$	319
Short-term lease cost		93			56
Total lease cost	$	417		$	375
Other information
Cash paid for amounts included in the measurement of operating liabilities (operating leases)	$	332		$	326
Right-of-use assets obtained in exchange for new operating lease liabilities		n/a			n/a
Weighted-average remaining lease term (in years)—operating leases		0.2			1.0
Weighted-average discount rate—operating leases		5.8	%		6.5	%

None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations.

The following table discloses future minimum lease payments at March 31, 2024 with respect to the Company’s operating lease liabilities:

Remainder of 2024	$	251
2025 and thereafter		—
Total future minimum lease payments (undiscounted)	$	251

The following table reconciles the future minimum lease payments (disclosed above) at March 31, 2024 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets:

Amounts recognized in the Company’s Consolidated Balance Sheets
Lease liability—short term	$	251
Difference between undiscounted and discounted cash flows		—
Total future minimum lease payments (undiscounted)	$	251