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Operating Lease
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Operating Lease Operating Lease
The Company currently leases office space of approximately 37,829 square feet at a single location.
As of June 30, 2024, the carrying value of this right-of-use asset, which is included in property and equipment, was approximately $0.4 million net of deferred rent on the consolidated balance sheets. As of June 30, 2024, the carrying value of the lease liability was approximately $0.5 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 six-month periods ended June 30, 2024 and 2023:
June 30,
2024
June 30,
2023
Three Months Ended$235,071 $234,336 
Six Months Ended$436,666 $440,413 
The approximate future minimum lease payments under the operating lease are as follows:
Future Minimum Lease Payments
Six Months 
 Remaining In
    
20242025202620272028ThereafterTotal
$312,089 $156,045 — — — — $468,134 
In July 2024, the Company entered into an amendment to its lease agreement related to this office space. See Note 11 for further information regarding this amendment.