v3.24.1.1.u2
Lease Commitments (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Summary of Future Minimum Lease Payments Under Operating Leases

As of March 31, 2024, the future minimum annual lease payments under the operating leases were as follows (in thousands):

2024

 

$

565

 

2025

 

 

513

 

Total minimum lease payments

 

 

1,078

 

Less: amount representing interest

 

 

(56

)

Present value of operating lease liabilities

 

 

1,022

 

Less: operating lease liabilities, current

 

 

(730

)

Operating lease liabilities

 

$

292

 

 

 

 

 

Weighted-average remaining lease term (in years)

 

 

1.35

 

Weighted-average incremental borrowing rate

 

 

8.22

%