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Leases | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Leases | 8. LEASES The Company leases its office space which has a remaining lease term of 33 months. In January 2023, the Company entered into an amendment to the lease for its corporate headquarters offices to extend the term through December 31, 2026. The Company’s recognized lease costs include:
|  | Three Months Ended March 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Statements of Operations and Comprehensive Loss |  |  |  |  |  |
Operating lease cost(1) |  | $ | 184 |  |  | $ | 184 |
(1) Operating lease cost is recorded within general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss.
| Three Months Ended March 31, |
| 2024 |  |  | 2023 |
Weighted-average remaining lease term (months) |  | 33.0 |  |  |  | 45.0 |
Weighted-average discount rate |  | 7.6 | % |  |  | 7.6 | %
The Company’s variable lease costs and short-term lease costs were not material. The Company is obligated under a non-cancelable lease agreement providing for office space that expires on December 31, 2026. Maturities of lease payments under the non-cancelable lease were as follows:
(in thousands) |  | March 31, 2024 |
2024 |  | $ | 527 |
2025 |  |  | 729 |
2026 |  |  | 756 |
Total lease payments |  |  | 2,012 |
Less imputed interest |  |  | (204 | )
Present value of lease liabilities |  | $ | 1,808 |

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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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