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Other (Expense) Income, net (Tables) | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
Schedule of other (expense) income | The following table sets forth the components of other (expense) income:
|  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022 |
Foreign currency gains (losses) |  | $ | 613 |  |  | $ | (4,109) |  |
Interest expense on promissory notes payable to related parties |  | (16,461) |  |  | (4,401) |  |
Interest income |  | 10,403 |  |  | 1,513 |  |
Reclassification of cumulative currency translation gain(1) |  | 419 |  |  | — |  |
Other (expense) income, net |  | (252) |  |  | 304 |  |
|  | $ | (5,278) |  |  | $ | (6,693) |  |
_____________________ (1) Effective January 17, 2023, the Company dissolved the following dormant entities; Summit (Cambridge) Limited, Summit (Wales) Limited, Summit Corporation Employee Benefit Trust Company Limited, Summit Corporation Limited, Summit Discovery 1 Limited and Summit Infectious Diseases Limited. As a result, the Company reclassified $419 of cumulative foreign currency translation adjustments from accumulated other comprehensive loss relating to these entities.

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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