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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases  
Summary of lease assets and liabilities

The following table summarizes the lease assets and liabilities as of September 30, 2024 and December 31, 2023 (in thousands):

September 30, 

December 31, 

Operating Lease Assets and Liabilities

Balance Sheet Classification

2024

2023

Assets

  

Operating lease ROU assets

Deposits and other assets

$

4,925

$

5,180

Liabilities

Current operating lease liabilities

Accrued expenses and other current liabilities

$

413

$

368

Non-current operating lease liabilities

Other non-current liabilities

5,899

6,214

Total operating lease liabilities

$

6,312

$

6,582

Schedule of operating lease liabilities maturities

The following table summarizes the maturity of undiscounted payments due under operating lease liabilities and the present value of those liabilities as of September 30, 2024 (in thousands):

2024 (remaining 3 months)

  

$

231

2025

939

2026

967

2027

996

2028

1,026

Thereafter

4,908

Total

9,067

Less: Present value adjustment

(2,755)

Present value of lease liabilities

$

6,312

Schedule of lease term and discount rate

The following table summarizes the weighted-average lease term and weighted-average discount rate as of September 30, 2024:

Remaining lease term (years)

2024

Operating leases

8.7

Discount rate

Operating leases

8.5

%