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Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
As a lessee, the Company’s current lease includes its master facility lease which is considered an operating lease.

Master Facility Lease
The Company currently leases office and lab space in San Diego that expires on February 28, 2027. The lease currently requires monthly payments of approximately $63,000 per month with 3% annual escalation.

The components of lease expense were as follows:

(in thousands)Twelve Months Ended December 31, 2023Twelve Months Ended December 31, 2022
Operating lease cost$714 $754 
Net operating lease cost$714 $754 

Supplemental balance sheet information related to leases was as follows:

(in thousands)As of December 31, 2023As of December 31, 2022
Operating lease ROU assets$1,708 $2,251 
Current operating lease liabilities$691 $675 
Non-current operating lease liabilities1,458 2,040 
Total operating lease liabilities
$2,149 $2,715 
Weighted-average remaining lease term–operating leases3.2 years4.2 years
Weighted-average discount rate–operating leases7 %7 %

Supplemental cash flow and other information related to leases was as follows:
(in thousands)Twelve Months Ended December 31, 2023Twelve Months Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid included in operating cash flows$737 $612 

Total remaining annual commitments under non-cancelable operating lease agreements as of December 31, 2023, are summarized are as follows:

(in thousands)
Year Ending December 31, Operating Leases
2024$691 
2025775 
2026796 
2027136 
Thereafter— 
Total future minimum lease payments$2,398 
Less imputed interest(249)
Total$2,149 
Leases Leases
As a lessee, the Company’s current lease includes its master facility lease which is considered an operating lease.

Master Facility Lease
The Company currently leases office and lab space in San Diego that expires on February 28, 2027. The lease currently requires monthly payments of approximately $63,000 per month with 3% annual escalation.

The components of lease expense were as follows:

(in thousands)Twelve Months Ended December 31, 2023Twelve Months Ended December 31, 2022
Operating lease cost$714 $754 
Net operating lease cost$714 $754 

Supplemental balance sheet information related to leases was as follows:

(in thousands)As of December 31, 2023As of December 31, 2022
Operating lease ROU assets$1,708 $2,251 
Current operating lease liabilities$691 $675 
Non-current operating lease liabilities1,458 2,040 
Total operating lease liabilities
$2,149 $2,715 
Weighted-average remaining lease term–operating leases3.2 years4.2 years
Weighted-average discount rate–operating leases7 %7 %

Supplemental cash flow and other information related to leases was as follows:
(in thousands)Twelve Months Ended December 31, 2023Twelve Months Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid included in operating cash flows$737 $612 

Total remaining annual commitments under non-cancelable operating lease agreements as of December 31, 2023, are summarized are as follows:

(in thousands)
Year Ending December 31, Operating Leases
2024$691 
2025775 
2026796 
2027136 
Thereafter— 
Total future minimum lease payments$2,398 
Less imputed interest(249)
Total$2,149