XML 37 R26.htm IDEA: XBRL DOCUMENT

Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Summary of Components of Lease Cost

The components of lease expense include operating, short-term, and variable lease costs. Amortization is recorded within research and development and general and administrative expenses in the condensed statements of operations and comprehensive loss. Components of lease cost for the three and nine months ended September 30, 2023 and 2022, respectively, were as follows (in thousands):


		Three Months Ended September 30,								Nine Months Ended September 30,
		2023				2022				2023				2022
Operating lease cost		$	227			$	83			$	473			$	239
Short-term lease cost			19				21				39				60
Variable lease cost			19				16				53				46
Total lease cost		$	265			$	120			$	565			$	345

Schedule of Lease Liabilities with Weighted Average Remaining Term and Weighted Average Discount Rate

Maturities of lease liabilities, weighted-average remaining term and weighted-average discount rate were as follows (in thousands):


		As of September 30,
Year ending December 31,
2023 (remaining three months)		$	76
2024			717
2025			827
2026			852
2027			877
Thereafter			5,667
Total minimum lease payments			9,016
Less: amount representing interest			(2,904	)
Present value of lease liabilities			6,112
Less: current portion of lease liabilities			(148	)
Lease liabilities, noncurrent		$	5,964


		September 30,				December 31,
		2023				2022
Weighted-average remaining lease term (years) - operating leases			10.1				10.5
Weighted-average incremental borrowing rate - operating leases			8.03	%			6.50	%