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Leases
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases Leases
As of June 30, 2024, we had non-cancelable operating leases for our corporate headquarters and manufacturing facilities located in Fremont, California and in Brighton, Colorado. Our Fremont lease, which expires in June 2027, provides us with an option to extend the term for one additional 5-year period and we determined with reasonable certainty that we will exercise such option. Our Brighton lease, which expires in May 2039, provides us with an option to extend the term for two additional 5-year periods, but we have not determined with reasonable certainty that we will exercise such option. Our operating leases do not contain any material residual value guarantees. We had no leases that were classified as finance leases as of June 30, 2024 and December 31, 2023.
The components of lease expense during the three and six months ended June 30, 2024 and 2023 are shown in the table below (in thousands).
Three months ended June 30,Six months ended June 30,
2024202320242023
Operating lease expense$1,286 $304 $2,571 $506 
Variable lease expense296 79 407 132 
Short-term lease expense23 23 45 42 
Total lease expense$1,605 $406 $3,023 $680 
Other information about our operating leases during the six months ended June 30, 2024 and 2023 are shown in the table below (amounts in thousands).
Six months ended June 30,
20242023
Cash paid for amounts included in the measurement of operating lease
   liabilities
$560 $453 
Right-of-use assets obtained in exchange for new operating lease liabilities$— $5,241 
Weighted-average remaining lease term13.9 years9.0 years
Weighted-average discount rate
9.4 %7.9 %
Future operating lease payments, net of tenant improvement allowance, as of June 30, 2024 are as follows (in thousands):
Year ending December 31:Amount
Remainder of 2024$754 
20252,055 
20263,929 
20275,025 
20285,185 
20295,344 
Thereafter48,440 
Total lease payments, net of tenant improvement allowance70,732 
Less - present value adjustments(34,012)
Total operating lease liabilities$36,720