v3.24.2.u1
Operating Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Information Related to Lease
The following table summarizes information related to the Company’s leases (in thousands):
June 30, 2024December 31, 2023
Assets:
Operating lease right-of-use assets$982 $1,169 
Liabilities:
Operating lease liabilities, current$374 $434 
Operating lease liabilities, non-current682 833 
Total operating lease liabilities$1,056 $1,267 
Schedule of Rent Expense Related to Lease
Rent expense for the three and six months ended June 30, 2024 and 2023 is presented on the following table (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Operating leases rent expense$115 $115 $230 $231 
Cash paid for leases and included in operating cash flows for the six months ended June 30, 2024 and 2023 is presented on the following table (in thousands):
Six Months Ended June 30,
20242023
Cash paid included in operating cash flows$254 $250 
Schedule of Future Minimum Lease Payments Required under Operating Lease
The future minimum lease payments required under the operating leases as of June 30, 2024, are summarized below (in thousands):
Future Minimum Lease Payments:
2024259 
2025320 
2026231 
2027280 
2028109 
Total minimum lease payments$1,199 
Less: amount representing interest(143)
Present value of operating lease liabilities$1,056 
Less: operating lease liabilities, current(374)
Operating lease liabilities, non-current$682 
Remaining lease term (in years)3.45
Incremental borrowing rate7.58 %