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Commitments and Contingencies
 9 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 9. Commitments and Contingencies

 

The Company is subject to various litigation, claims and proceedings, that have arisen in the ordinary course of business. The Company recognizes a liability for such loss contingencies when it believes it is probable a liability has been incurred, and the amount can be reasonably estimated. If some amount within a range of loss appears at the time to be a better estimate than any other amount within the range, the Company accrues that amount. When no amount within the range is a better estimate than any other amount the Company accrues the minimum amount in the range. The outcomes of any such currently pending matters are not expected to have a material adverse effect on the Company’s financial position or results of operations.

 

Office Leases

 

In June and July 2023, the Company entered into two leases for office space in Houston, Texas and Denver, Colorado each with a term of one year. These leases are not recorded on the balance sheet due to lease terms of less than a year and have an aggregate remaining commitment of approximately $90,000 as of September 30, 2023.