Leases (Additional Information) (Details) - USD ($) $ in Thousands |
9 Months Ended | ||||
---|---|---|---|---|---|
Feb. 24, 2024 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2023 |
Oct. 01, 2023 |
|
Lessee, Lease, Description [Line Items] | |||||
Weighted average remaining lease term | 10 months 24 days | 1 year 6 months | |||
Operating lease liability | $ 953 | ||||
ROU asset | $ 13,600 | $ 4,910 | |||
Additional in fixed undiscounted lease payments | 1,764 | ||||
Increase in the lease liability | 3,133 | ||||
Increase in the ROU asset | $ 3,133 | ||||
Weighted average discount rate | 11.30% | 9.50% | |||
Operating lease payments | $ 3,187 | $ 1,709 | |||
Wuxi Agreement Member | |||||
Lessee, Lease, Description [Line Items] | |||||
Work orders terms | The terms of the August 2023 work orders included both fixed costs and contingent variable costs. The lease commenced October 1, 2023, and a right of use asset (ROU asset) and lease liability of $953 was initially recorded for the fixed payments. In the first quarter of 2024, the contingency related to the variable costs was resolved and the lease was remeasured, resulting in an increase in the ROU asset and lease liability of $4,032. In the third quarter of 2024, the 2023 work order related to GMP manufacturing was amended to reduce the minimum monthly runs through the end of 2024 and the term of the agreement was extended for an additional 18 months through August 2026. The lease was remeasured, resulting in an increase in the ROU asset and lease liability of $6,189. The Company may terminate the Dedicated Suite lease for convenience with six months’ prior written notice and a $1,080 termination fee if both the CABA-201 and MuSK-CAART work orders are terminated. | ||||
Termination fees | $ 1,080 | ||||
Additional in fixed undiscounted lease payments | $ 4,032 | ||||
Increase in the lease liability | $ 6,189 |