Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.1.1.u2
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Reconciliation of Maturity Analysis of Annual Undiscounted Cash Flows

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating lease liabilities as of March 31, 2024 (in thousands):

 

 

Amount

 

 

 

 

 

Nine months ending December 31, 2024

 

$

3,130

 

Year ending December 31, 2025

 

 

4,287

 

Year ending December 31, 2026

 

 

4,412

 

Year ending December 31, 2027

 

 

4,541

 

Year ending December 31, 2028 and beyond

 

 

10,303

 

Total minimum lease payments

 

 

26,673

 

Less imputed interest

 

 

(6,377

)

Total lease liability

 

$

20,296

 

Schedule of Total Lease Cost for Operating and Financing Leases as well as Weighted Average Information for Leases

The following table outlines the total lease cost for the Company’s operating lease as well as weighted average information for this lease as of March 31, 2024 (in thousands):

 

 

Three Months Ended March 31, 2024

 

Lease cost:

 

 

 

Operating lease cost

 

$

772

 

Cash paid for amounts included in the measurement of liabilities:

 

 

 

Operating cash flows from operating lease

 

$

1,037

 

 

 

 

Other information:

 

Three Months Ended March 31, 2024

 

Weighted-average remaining lease term (in years) - operating lease

 

 

5.92

 

Weighted-average discount rate - operating lease

 

 

9.30