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Operating Leases - ROU Assets and Lease Liability Obligations (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Schedule of Right-of-use Assets and Lease Liabilities | The Company has only one operating lease (the “Office Lease”), which is for office space under a lease that commenced on March 1, 2022 and expires on July 31, 2027 (the “Term”). Below is a summary of the Company’s ROU assets and lease liabilities as of March 31, 2024 and December 31, 2023 (in thousands, except for years and %):
|  | March 31, 2024 |  |  |  | December 31, 2023 |  |
Right-of-use assets |  | $ | 1,052 |  |  |  | $ | 1,126 |  |
Lease liability obligations, current |  | $ | 329 |  |  |  | $ | 324 |  |
Lease liability obligations, less current portion |  |  | 852 |  |  |  |  | 936 |  |
Total lease liability obligations |  | $ | 1,181 |  |  |  | $ | 1,260 |  |
Weighted-average remaining lease term |  | 3.33 years |  |  |  | 3.58 years |  |
Weighted-average discount rate |  |  | 3.00 |  | % |  |  | 3.00 |  | %
Office Space [Member] |
Schedule of Future Minimum Lease Payments | Approximate future minimum lease payments for the Company’s ROU assets over the remaining lease period as of March 31, 2024 are as follows (in thousands):
Remainder of 2024 |  | $ | 269 |  |
2025 |  |  | 368 |  |
2026 |  |  | 379 |  |
2027 |  |  | 227 |  |
Total minimum lease payments |  | $ | 1,243 |  |
Less: amount representing interest |  | $ | (62 | ) |
Total lease liability obligations |  | $ | 1,181 |  |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Details
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