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Lease | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Lease | 8. Lease On February 4, 2019, the Company signed a lease agreement for its corporate headquarters at 117 Kendrick Street in Needham, Massachusetts. The facility consists of a 15,197 square foot property which houses the corporate, clinical, laboratory and manufacturing operations for the Company. The lease term ends on August 31, 2026. For each of the three months ended March 31, 2024 and 2023, the Company recorded $0.1 million of operating lease cost and for the three months ended March 31, 2024 and 2023, the Company has recorded $38,000 and $49,000, respectively, of variable lease cost. The total lease expense for each of the three months ended March 31, 2024 and 2023 was $0.1 million. Cash paid for amounts included in the lease liability for each of the three months ended March 31, 2024 and 2023 was $0.1 million.
|  | THREE MONTHS ENDED MARCH 31, |
Other Information |  | 2024 |  |  | 2023 |
Operating cash flows used for operating leases |  | $ | 148 |  |  | $ | 144 |
Weighted-average remaining lease term (years) |  |  | 2.4 |  |  |  | 3.4 |
Weighted-average incremental borrowing rate |  |  | 7.02 | % |  |  | 7.02 | %
The future lease payments under non-cancelable leases at March 31, 2024, are as follows (in thousands):
2024 |  |  | 450 |
2025 |  |  | 613 |
2026 |  |  | 415 |
Total future lease payments |  |  | 1,478 |
Less: imputed interest |  |  | (115 | )
Total lease liability |  | $ | 1,363 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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