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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Summary of Lease Cost | The Company leases its office space which has a remaining lease term of 27 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 September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Statements of Operations and Comprehensive Loss |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost (1) |  | $ | 183 |  |  | $ | 183 |  |  | $ | 550 |  |  | $ | 550 |
(1) Operating lease cost is recorded within general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss. The following table presents information about our weighted average discount rate and remaining lease term as of:
| September 30, 2024 |  |  | December 31, 2023 |
Weighted-average remaining lease term (months) |  | 27.0 |  |  |  | 36.0 |
Weighted-average discount rate |  | 7.6 | % |  |  | 7.6 | %
Summary of Maturities of Lease Payments Under Non-Cancellable Leases Were As Follows | Maturities of lease payments under the non-cancelable lease were as follows:
(in thousands) |  | September 30, 2024 |
2024 |  | $ | 176 |
2025 |  |  | 729 |
2026 |  |  | 756 |
Total lease payments |  |  | 1,661 |
Less imputed interest |  |  | (140 | )
Present value of lease liabilities |  | $ | 1,521 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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