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Operating Lease
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Operating Lease Operating Lease
The Company currently leases office space of approximately 37,829 square feet at a single location.
As of September 30, 2023, the carrying value of this right-of-use asset, which is included in property and equipment, was approximately $0.8 million net of deferred rent on the consolidated balance sheets. As of September 30, 2023, the carrying value of the lease liability was approximately $0.9 million, which is included in accounts payable and accrued expenses on the consolidated balance sheets.
The following table summarizes the total lease and operating expenses for the three-month and nine-month periods ended September 30, 2023 and 2022:
September 30,
2023
September 30,
2022
Three Months Ended$234,336 $237,471 
Nine Months Ended$674,749 $681,025 
The approximate future minimum lease payments under the operating lease are as follows:
Future Minimum Lease Payments
Three Months 
 Remaining In
   
20232024202520262027Total
$156,045 $624,179 $156,045 — — $936,269