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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Summary of Operating Lease
The following table summarizes the Company's operating lease arrangements as of December 31, 2023 and 2022:
As of
Balance Sheet CaptionDecember 31, 2023December 31, 2022
Operating lease ROU assetsDeferred costs and other assets, net$3,220 $3,220 
Operating lease ROU accumulated amortizationDeferred costs and other assets, net$(967)$(570)
Operating lease liabilitiesOther liabilities$3,023 $3,265 
Weighted-average remaining lease term6.0 years6.7 years
Weighted-average discount rate4.47 %4.35 %
Summary of Total Lease Cost, Weighted-Average Lease Terms and Weighted-Average Discount Rates
The following table summarizes the Company's operating lease arrangements for the years ended December 31, 2023 and 2022:
Statement of Operations and
Comprehensive Income (Loss) Caption
Year ended December 31,
20232022
Minimum lease paymentsGeneral and administrative$570 $528 
Variable lease paymentsGeneral and administrative298 343 
Short-term lease paymentsGeneral and administrative114 97 
Total lease cost$982 $968 
Summary of Future Operating Lease Obligations Maturity
The following table summarizes the Company's future minimum operating lease obligations as of December 31, 2023:
Scheduled minimum payments by year:Future Minimum Lease Payments
2024$628 
2025511 
2026517 
2027529 
2028522 
Thereafter786 
Total expected minimum lease obligation3,493 
Less: Amount representing interest (a)(470)
Present value of net minimum lease payments$3,023 
(a)Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.