XML 38 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense during the three and nine months ended September 30, 2024 and 2023 are shown in the table below (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Operating lease expense$1,286 $304 $3,857 $810 
Variable lease expense667 79 1,074 210 
Short-term lease expense25 20 70 62 
Total lease expense$1,978 $403 $5,001 $1,082 
Other information about our operating leases during the nine months ended September 30, 2024 and 2023 are shown in the table below (amounts in thousands):
Nine months ended September 30,
20242023
Cash paid for amounts included in the measurement of operating lease
   liabilities
$843 $727 
Right-of-use assets obtained in exchange for new operating lease liabilities$— $5,241 
Weighted-average remaining lease term13.7 years8.8 years
Weighted-average discount rate
9.4 %7.9 %
Schedule of Future Maturing Operating Lease Payments
Future operating lease payments, net of tenant improvement allowance, as of September 30, 2024 are as follows (in thousands):
Year ending December 31:Amount
Remainder of 2024$471 
20252,055 
20263,929 
20275,025 
20285,185 
20295,344 
Thereafter48,439 
Total lease payments, net of tenant improvement allowance70,448 
Less - present value adjustments(33,187)
Total operating lease liabilities$37,261