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Leases
 6 Months Ended
Jun. 30, 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

June 30,

 

Six Months Ended

June 30,

   2024  2023  2024  2023
Lease cost:                    
Operating lease cost  $323   $321   $647   $640 
Short-term lease cost   70    65    140    121 
Total lease cost  $393   $386   $787   $761 
Other information:                    
Cash paid for amounts included in the measurement of operating liabilities (operating leases)  $331   $326   $662   $652 
Right-of-use assets obtained in exchange for new operating lease liabilities   

n/a

    

n/a

    

n/a

    

n/a

 
Weighted-average remaining lease term (in years)—operating leases   0.9    0.8    0.9    0.8 
Weighted-average discount rate—operating leases   6.6%   6.6%   6.6%   6.6%

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 June 30, 2024 with respect to the Company’s operating lease liabilities:

Remainder of 2024  $476 
2025   396 
Total future minimum lease payments (undiscounted)  $872 

The following table reconciles the future minimum lease payments (disclosed above) at June 30, 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  $847 
Difference between undiscounted and discounted cash flows   25 
Total future minimum lease payments (undiscounted)  $872