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Leases (Tables)

12 Months Ended

Dec. 31, 2023

The cost of leases recorded in the accompanying consolidated statements of operations and comprehensive loss were as follows (in thousands):


	Year Ended December 31,
	2023		2022
Operating lease expense	$	2,414	$	1,784
Finance lease expense
Amortization expense	179		56
Interest on lease liability	8		7
Total lease cost	$	2,601	$	1,847

Schedule of Supplemental Balance Sheet and Cash Flow Information

Supplemental cash flow information and non-cash activity related to the Company’s leases was as follows (in thousands):


	Year Ended December 31,
	2023		2022
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	%

Schedule of Future Minimum Payments, Operating Lease

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
2026	2,162		47
2027	2,229		47
2028	1,333		28
Thereafter	—		—
Total lease payments	$	10,053	$	216
Less: imputed interest	(1,091)		(17)
Present value of lease liabilities	$	8,962	$	199

Schedule of Future Minimum Payments, Finance Lease


	Year Ended December 31, 2023
	Operating Leases		Finance Leases
2024	$	2,231	$	47
2025	2,098		47
2026	2,162		47
2027	2,229		47
2028	1,333		28
Thereafter	—		—
Total lease payments	$	10,053	$	216
Less: imputed interest	(1,091)		(17)
Present value of lease liabilities	$	8,962	$	199