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Leases (Tables)
6 Months Ended
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