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Leases (Tables) | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Schedule of Qualitative Information Regarding Leases | Qualitative information regarding the Company’s leases as of June 30, 2025 is as follows:
Location |  | Lease Type |  | Lease Nature |  | Lease Commencement |  | Lease Term Expiration |  | Annual Base Rent (in Millions) |
Copenhagen, Denmark |  | Operating |  | Office |  | March 2021 |  | December 2027 |  | $ | 0.2 |
Copenhagen, Denmark |  | Operating |  | Office |  | December 2024 |  | December 2027 |  | $ | 0.04 |
Copenhagen, Denmark |  | Operating |  | Lab |  | January 2023 |  | December 2027 |  | $ | 0.04 |
Newport, United Kingdom |  | Operating |  | Office |  | June 2023 |  | May 2025 |  | $ | 0.04 |
New York, New York |  | Operating |  | Office |  | October 2021 |  | January 2027 |  | $ | 0.2 |
Rockville, Maryland |  | Operating |  | Lab |  | December 2021 |  | May 2027 |  | $ | 0.3 |
Schedule of Quantitative Information Regarding Leases | Quantitative information regarding the Company’s leases for the six months ended June 30, 2025 and 2024 is as follows (in thousands):
|  | Six Months Ended |  |  | Six Months Ended |
Lease Cost |  | June 30, 2025 |  |  | June 30, 2024 |
Operating lease cost |  | $ | 359 |  |  | $ | 369 |
Operating cash flows paid for amounts included in the measurement of lease liabilities |  | $ | 413 |  |  | $ | 385 |
Operating lease liabilities arising from obtaining right-of-use assets |  | $ | — |  |  | $ | — |
Remaining average lease term (years) |  |  | 2.1 |  |  |  | 3.0 |
Weighted average discount rate |  |  | 6.4 | % |  |  | 6.3 | %
Schedule of Future Lease Payments (Undiscounted) under Noncancelable Leases | Future lease payments (undiscounted) under noncancelable leases are as follows as of June 30, 2025 (in thousands):
Future Lease Payments |  | Amount |
Remainder of 2025 |  | $ | 419 |
2026 |  |  | 863 |
2027 |  |  | 470 |
2028 |  |  | — |
2029 |  |  | — |
Thereafter |  |  | — |
Total |  | $ | 1,752 |

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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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