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Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
The Company leases office spaces under non-cancellable operating leases for its corporate headquarters in Austin, Texas and its office space in New York, New York. The Company also leases furniture under a non-cancellable finance lease. Pursuant to the corporate headquarters lease in Austin, the initial term expires on July 31, 2028, and pursuant to the lease in New York, the term expires on May 31, 2024. For each lease, the Company recognizes a right-of-use-asset and lease liability. The asset and liability are then amortized as payments are made.
The Company did not incur any unoccupied lease expense during the year ended December 31, 2023. The Company incurred $1.1 million in unoccupied lease expense for leased facilities in Austin, Texas for the related contractual lease payments and fees for the year ended December 31, 2022.
The cost of leases recorded in the accompanying consolidated statements of operations and comprehensive loss were as follows (in thousands):
Year Ended December 31,
 20232022
Operating lease expense
$2,414 $1,784 
Finance lease expense
Amortization expense179 56 
Interest on lease liability
8 7 
Total lease cost$2,601 $1,847 
Supplemental cash flow information and non-cash activity related to the Company’s leases was as follows (in thousands):
Year Ended December 31,
20232022
Cash paid for operating lease liabilities
$2,443 $782 
Cash paid for financing lease liabilities
$40 $42 
Right-of-use assets obtained in exchange for operating lease liabilities$— $10,935 

The weighted average remaining lease term and discount rate as of December 31, 2023 are as follows:
Weighted Average Remaining Lease Term
Operating leases
4.51 years
Finance leases
4.59 years
Weighted Average Discount Rate
Operating leases
5.00 %
Finance leases
5.00 %
Future minimum payments required under operating and financing leases, by year and in aggregate, that have initial or remaining non-cancellable lease terms in excess of one year, are as follows (in thousands):
Year Ended
December 31, 2023
Operating
Leases		Finance
Leases
2024
$2,231 $47 
2025
2,098 47 
20262,162 47 
20272,229 47 
20281,333 28 
Thereafter— — 
Total lease payments$10,053 $216 
Less: imputed interest(1,091)(17)
Present value of lease liabilities$8,962 $199 
As of December 31, 2023, the Company had no additional operating or finance leases with future commencement dates.
Leases Leases
The Company leases office spaces under non-cancellable operating leases for its corporate headquarters in Austin, Texas and its office space in New York, New York. The Company also leases furniture under a non-cancellable finance lease. Pursuant to the corporate headquarters lease in Austin, the initial term expires on July 31, 2028, and pursuant to the lease in New York, the term expires on May 31, 2024. For each lease, the Company recognizes a right-of-use-asset and lease liability. The asset and liability are then amortized as payments are made.
The Company did not incur any unoccupied lease expense during the year ended December 31, 2023. The Company incurred $1.1 million in unoccupied lease expense for leased facilities in Austin, Texas for the related contractual lease payments and fees for the year ended December 31, 2022.
The cost of leases recorded in the accompanying consolidated statements of operations and comprehensive loss were as follows (in thousands):
Year Ended December 31,
 20232022
Operating lease expense
$2,414 $1,784 
Finance lease expense
Amortization expense179 56 
Interest on lease liability
8 7 
Total lease cost$2,601 $1,847 
Supplemental cash flow information and non-cash activity related to the Company’s leases was as follows (in thousands):
Year Ended December 31,
20232022
Cash paid for operating lease liabilities
$2,443 $782 
Cash paid for financing lease liabilities
$40 $42 
Right-of-use assets obtained in exchange for operating lease liabilities$— $10,935 

The weighted average remaining lease term and discount rate as of December 31, 2023 are as follows:
Weighted Average Remaining Lease Term
Operating leases
4.51 years
Finance leases
4.59 years
Weighted Average Discount Rate
Operating leases
5.00 %
Finance leases
5.00 %
Future minimum payments required under operating and financing leases, by year and in aggregate, that have initial or remaining non-cancellable lease terms in excess of one year, are as follows (in thousands):
Year Ended
December 31, 2023
Operating
Leases		Finance
Leases
2024
$2,231 $47 
2025
2,098 47 
20262,162 47 
20272,229 47 
20281,333 28 
Thereafter— — 
Total lease payments$10,053 $216 
Less: imputed interest(1,091)(17)
Present value of lease liabilities$8,962 $199 
As of December 31, 2023, the Company had no additional operating or finance leases with future commencement dates.