Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity The following table provides details of our future minimum lease payments under finance and operating lease liabilities recorded in our condensed consolidated balance sheet as of June 30, 2022. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.
(in thousands) Operating Leases
2022 $ 1,355 
2023 2,169 
2024 1,491 
2025 1,377 
2026 209 
Thereafter
Total minimum lease payments 6,605 
Less: imputed interest 266 
Present value of minimum lease payments 6,339 
Less: current portion 2,502 
Long-term portion $ 3,837 
Finance Lease, Liability, Maturity The following table provides details of our future minimum lease payments under finance and operating lease liabilities recorded in our condensed consolidated balance sheet as of June 30, 2022. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.
(in thousands) Operating Leases
2022 $ 1,355 
2023 2,169 
2024 1,491 
2025 1,377 
2026 209 
Thereafter
Total minimum lease payments 6,605 
Less: imputed interest 266 
Present value of minimum lease payments 6,339 
Less: current portion 2,502 
Long-term portion $ 3,837 
Lease, Cost
The following expenses related to our operating leases were included in "general and administrative" expenses within our condensed consolidated statements of operations and comprehensive loss:
For the six months ended
June 30,
(in thousands) 2022 2021
Operating lease costs
Operating lease cost
1,406  250 
Variable lease cost
47  39 
Total lease cost $ 1,453  $ 289 
The table below presents lease-related terms and discount rates as of June 30, 2022:
June 30, 2022
Weighted average remaining lease terms  
Operating leases 3.1 years
Weighted average discount rate
Operating leases 2.7  %
Lessor, Operating Lease, Payments to be Received, Maturity
The following table represents the maturity analysis of undiscounted cash flows related to lease payments, which we expect to receive from our existing operating lease agreements related to our sublease in California:
Rental Income (in thousands)
Remainder of 2022 $ 289 
2023 386 
2024 and thereafter — 
Total $ 675