Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property and equipment as of December 31, 2023 and 2022 consisted of the following (in thousands):


	December 31,
	2023		2022
Furniture and equipment	$	248	$	280
Computers and software	34		56
Right-of-use assets	1,329		1,750
Leasehold improvements	896		739
Total property and equipment	2,507		2,825
Less accumulated depreciation	(542)		(414)
Property and equipment, net	$	1,965	$	2,411

Supplemental balance sheet information related to the leased properties include (in thousands):


	As of
	December 31, 2023		December 31, 2022
Property and equipment, net	$	1,329	$	1,750

Accrued expenses and other current liabilities	$	537	$	532
Other long-term liabilities	1,366		1,711
Total operating lease liabilities	$	1,903	$	2,243

The components of lease expense for the years ended December 31, 2023 and 2022 were as follows (in thousands):


	Year Ended December 31,
	2023		2022
Operating lease cost*	$	460	$	493
*Includes short-term leases, which are immaterial.

The following table shows a maturity analysis of the operating lease liability as of December 31, 2023 (in thousands):