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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Cost and Additional Information
Operating lease cost consists of the following (in thousands):
Six Months Ended June 30,
20242023
Operating lease cost
$1,538 $1,442 
Short-term lease cost
20 18 
Variable lease cost
387 320 
Total lease cost
$1,945 $1,780 
The following table summarizes additional information related to the Company’s operating leases (in thousands, except weighted average data):
June 30, December 31,
20242023
Right of use asset
$18,490 $3,406 
Weighted average remaining lease term (years)10.991.35
Weighted average discount rate10.5 %6.7 %
The following table summarizes other supplemental information related to the Company’s operating leases (in thousands):
Six Months Ended June 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities included in cash flows used in operating activities
$1,821 $1,748 
Right-of-use assets obtained in exchange for lease liabilities$16,360 $224 
Schedule of Maturity Analysis of Lease Liabilities
The following table summarizes a maturity analysis of the Company’s lease liabilities showing the aggregate lease payments as of June 30, 2024 (in thousands):
Fiscal Year Ending December 31,Amount
2024 (remaining six months)$1,573 
20252,176 
20262,569 
20272,611 
20282,729 
Thereafter20,624 
Total minimum lease payments32,282 
Less: Amount of lease payments representing interest13,297 
Present value of future minimum lease payments$18,985 
Less: Current lease liabilities
1,071 
Long-term lease liabilities$17,914