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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Future Minimum Rental Payments | Future minimum lease payments for all three leases, net of $5.9 million expected to be received and intended to be used related to the remaining tenant improvement allowance and rent credits associated with the 60 First Street Lease, as of June 30, 2024 were as follows (in thousands):
|  | As of June 30, 2024 |
2024 |  | $ | (3,959 | )
2025 |  |  | 6,247 |
2026 |  |  | 7,341 |
2027 |  |  | 7,557 |
Thereafter |  |  | 52,498 |
Total Future Minimum Leases Payments |  |  | 69,684 |
Less: Interest |  |  | (31,223 | )
Present Value of Operating Lease Liabilities |  | $ | 38,461 |
Schedule of Lease Costs | The following table summarizes the effect of lease costs in the Company’s condensed consolidated statement of operations and comprehensive loss of its operating leases (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease costs |  | $ | 2,108 |  |  | $ | 1,422 |  |  | $ | 4,258 |  |  | $ | 1,902 |
Variable Lease Costs |  |  | 466 |  |  |  | 231 |  |  |  | 825 |  |  |  | 489 |
Short-term Lease Costs |  |  | 252 |  |  |  | 178 |  |  |  | 662 |  |  |  | 359 |
Total Lease Costs |  | $ | 2,826 |  |  | $ | 1,831 |  |  | $ | 5,745 |  |  | $ | 2,750 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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