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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Summary of Lease Related Costs | The following table summarizes the Company’s lease related costs for the three and nine months ended September 30, 2024 and 2023:
|  |  |  | Three Months Ended |  |  | Nine Months Ended |
(in thousands) |  |  |  | September 30, |  |  | September 30, |
Lease Cost |  | Statement of Operations Location |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating Lease Cost |  | General and administrative |  | $ | 132 |  |  | $ | 126 |  |  | $ | 386 |  |  | $ | 378 |
Total lease cost |  |  |  | $ | 132 |  |  | $ | 126 |  |  | $ | 386 |  |  | $ | 378 |
Summary of Lease Terms and Discount Rates | Average lease terms and discount rates for the Company’s operating leases were as follows:
|  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
Other Information |  | 2024 |  |  | 2023 |
Weighted-average remaining lease term |  |  |  |  |  |
Operating leases |  | 5.0 years |  |  | 1.1 years |
Weighted-average discount rate |  |  |  |  |  |
Operating leases |  |  | 15.45 | % |  |  | 5.69 | %
Summary of Maturities of Lease Liabilities | The following table summarizes the maturities of lease liabilities as of September 30, 2024:
|  | Operating |
Year |  | (in thousands) |
2024 |  |  | 135 |
2025 |  |  | 546 |
2026 |  |  | 556 |
2027 |  |  | 550 |
2028 |  |  | 563 |
Thereafter |  |  | 479 |
Total lease payments |  |  | 2,829 |
Less: interest |  |  | 858 |
Total lease liabilities |  | $ | 1,971 |

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- Definition Tabular disclosure of additional information under operating leases. May include, but not limited to, lease terms and discount rates. + References No definition available. + Details
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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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