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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Summary of Operating Leases

The Company has the following operating leases:

Location

 

Primary Use

 

Lease
Expiration Date

 

Renewal Option

Copenhagen, Denmark

 

Corporate headquarters

 

November 2024

 

None

Quantitative Information Regarding Leases

Quantitative information regarding the Company’s leases for the three and six months ended June 30, 2024 and 2023 was as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

Lease Cost

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease cost (in thousands)

 

$

47

 

 

$

139

 

 

$

143

 

 

$

276

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows paid for amounts included
   in the measurement of lease liabilities
(in thousands)

 

$

48

 

 

$

125

 

 

$

140

 

 

$

273

 

Operating lease liabilities arising from obtaining
   right-of-use assets
(in thousands)

 

$

 

 

$

 

 

$

 

 

$

409

 

Summary of Operating Lease Liabilities

Operating lease liabilities at June 30, 2024 are as follows (in thousands):

 

 

 

Operating

 

Future Lease Payments

 

Leases

 

2024 (excluding the period ended June 30, 2024)

 

$

80

 

2025

 

 

 

2026

 

 

 

2027

 

 

 

2028

 

 

 

Total lease payments

 

 

80

 

Less: imputed interest

 

 

(3

)

Total lease liabilities

 

$

77