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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of September 30, 2024 were as follows (in thousands):

 

2024

 

$

653

 

2025

 

 

2,661

 

2026

 

 

2,564

 

Total lease payments

 

 

5,878

 

Less imputed interest

 

 

(572

)

Present value of lease liabilities

 

$

5,306

 

Summary of Lease Balances

Lease balances as of September 30, 2024 were as follows (in thousands):

 

Operating right-of-use assets

 

$

4,928

 

Current Portion of operating lease liabilities

 

$

2,298

 

Non-current portion of operating lease liabilities

 

 

3,008

 

Total operating lease liabilities

 

$

5,306

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate of Operating Leases

The weighted average remaining lease term and weighted average discount rate of the Company’s operating leases as of September 30, 2024 were as follows:

 

Weighted average remaining lease term in years

 

 

2.2

 

Weighted average discount rate

 

 

10.11

%