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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Other Information Related to Operating Leases

Other information related to the Company’s operating leases as of the balance sheet dates presented are as follows:

 

 

 

As of March 31,

 

 

2024

 

 

2023

 

Weighted incremental borrowing rate

 

 

5

%

 

 

5

%

Weighted average remaining lease term (in years)

 

 

2.5

 

 

 

3.8

 

Cash paid for amounts included in the measurement of lease liabilities (in thousands)

 

$

96

 

 

$

142

 

Lease expense (in thousands)

 

$

83

 

 

$

120

 

Schedule of Maturities of lease liabilities by fiscal year for operating leases

Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands):

 

 

As of March 31, 2024

 

2024 (remaining nine months)

 

$

293

 

2025

 

 

371

 

2026

 

 

285

 

Total lease payments

 

 

949

 

Less: Imputed interest

 

 

(42

)

Present value of lease liabilities

 

$

907