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Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Summary of Components of Lease Cost Components of lease cost for the three months ended March 31, 2024 and 2023, respectively, were as follows (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

Operating lease cost

 

$

239

 

 

$

83

 

Short-term lease cost

 

 

24

 

 

 

22

 

Variable lease cost

 

 

32

 

 

 

14

 

Total lease cost

 

$

295

 

 

$

119

 

 
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 March 31,

 

Year ending December 31,

 

 

 

2024 (remaining nine months)

 

$

638

 

2025

 

 

873

 

2026

 

 

899

 

2027

 

 

926

 

2028

 

 

954

 

Thereafter

 

 

5,027

 

Total minimum lease payments

 

 

9,317

 

Less: amount representing interest

 

 

(2,830

)

Present value of lease liabilities

 

 

6,487

 

Less: current portion of lease liabilities

 

 

(370

)

Lease liabilities, noncurrent

 

$

6,117

 

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Weighted-average remaining lease term (years) - operating leases

 

 

9.7

 

 

 

9.9

 

Weighted-average incremental borrowing rate - operating leases

 

 

8.07

%

 

 

8.07

%