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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases  
Schedule of lease cost

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

    

Classification

    

2024

    

2023

 

2024

    

2023

Operating lease cost:

 

Fixed lease cost

 

Research and development

$

177

$

175

$

527

$

527

Fixed lease cost

 

General and administrative

20

20

59

59

Finance lease cost:

 

  

 

 

 

 

Amortization of lease assets

 

Research and development

 

22

 

22

 

67

 

74

Interest on lease liabilities

 

Interest expense

 

2

 

3

 

6

 

13

Total Lease Cost

$

221

$

220

$

659

$

673

The weighted average remaining lease term and discount rates as of September 30, 2024 were as follows:

Weighted average remaining lease term (years):

    

Operating leases

 

2.1

Finance leases

 

0.5

Weighted average discount rate:

 

  

Operating leases

 

10.3

%

Finance leases

 

6.5

%

Schedule of future minimum lease payments

The future minimum lease payments as of September 30, 2024 were as follows:

    

Operating

    

Finance

    

Year ending December 31:

Leases

Leases

Total

2024 (three months remaining)

$

338

$

29

$

367

2025

 

1,370

 

64

 

1,434

2026

 

1,169

 

 

1,169

Total minimum lease payments

 

2,877

 

93

 

2,970

Less: interest

 

(278)

 

(2)

 

(280)

Present value of lease liabilities

$

2,599

$

91

$

2,690