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Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Cost
The Company’s lease costs consist of the following (in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Operating lease cost$172$351$1,097$1,867
Variable lease cost283234649906
Total lease cost$455$585$1,746$2,773
The following table summarizes cash flow information related to the Company’s lease obligations (in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Cash paid for operating lease liabilities$494 $491 $1,756 $1,806 
The following table summarizes the Company’s lease assets and liabilities (in thousands):
September 30, 2024
December 31, 2023
Operating lease right-of-use assets$1,104 $2,387 
Current operating lease liabilities$1,761 $1,750 
Non-current operating lease liabilities$1,411 $2,877 
The following table summarizes other supplemental information related to the Company’s lease obligations:
September 30, 2024
December 31, 2023
Weighted-average remaining lease term (in years)1.932.60
Weighted-average discount rate6.75 %6.75 %
Schedule of Future Minimum Lease Payments
Future minimum lease payments under operating lease liabilities were (in thousands):
September 30, 2024
2024 (remaining three months)$735 
20251,591 
20261,195 
Total future lease payments3,521 
Less: imputed interest349 
Total lease liability balance3,172 
Less: current portion of operating lease liabilities 1,761 
Total operating lease liabilities, non-current$1,411 
Schedule of Lease Income Related to the Operating Lease
The Lease is classified as an operating lease and revenue will be recognized on a straight-line basis and will be recorded within the condensed consolidated statements of operations and comprehensive loss in the line item “Other rental income” as this is not a part of the Company’s core operations rental income has been presented in other income rather than as revenue on the statement of operations and comprehensive loss. Lease income related to the operating lease was as follows (in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Rental income related to fixed lease income$1,493 $— $1,493 $— 
Schedule of Future Fixed Contractual Lease Payments to be Received
Approximate future fixed contractual lease payments to be received under a non-cancelable operating lease in effect as of September 30, 2024, are as follows (in thousands):
September 30, 2024
2024 (remaining three months)$1,493 
20258,957 
20268,957 
20278,957 
20288,957 
Thereafter94,795 
Total$132,116 
Schedule of Net Carrying Amount of the Liability Component of the Loan
The net carrying amount of the liability component of the Loan was as follows (in thousands):
 
September 30, 2024
December 31, 2023
Principal amount$82,837 $82,837 
Unamortized debt issuance cost(664)(1,410)
Net carrying amount$82,173 $81,427 
Schedule of Interest Expense Related to the Loan
The following table sets forth the interest expense recognized related to the Loan (in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Contractual interest expense$1,758 $1,754 $5,241 $2,482 
Amortization of debt issuance cost249 249 747 747 
Total interest expense related to the Loan$2,007 $2,003 $5,988 $3,229