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Leases (Tables) | 6 Months Ended
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Jun. 30, 2025
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 2029 |  | None
Quantitative Information Regarding Leases | Quantitative information regarding the Company’s leases for the three and six months ended June 30, 2025 and 2024 was as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Lease Cost |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease cost (in thousands) |  | $ | 5 |  |  | $ | 47 |  |  | $ | 10 |  |  | $ | 143 |
Other Information |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows paid for amounts included in the measurement of lease liabilities (in thousands) |  | $ | 5 |  |  | $ | 48 |  |  | $ | 10 |  |  | $ | 140 |
Operating lease liabilities arising from obtaining right-of-use assets (in thousands) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Summary of Operating Lease Liabilities | Operating lease liabilities at June 30, 2025 are as follows (in thousands):
|  | Operating |
Future Lease Payments |  | Leases |
2025 (excluding the period ended June 30, 2025) |  | $ | 10 |
2026 |  |  | 20 |
2027 |  |  | 20 |
2028 |  |  | 20 |
2029 |  |  | 19 |
Total lease payments |  |  | 89 |
Less: imputed interest |  |  | (14 | )
Total lease liabilities |  | $ | 75 |

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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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