Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity The following table provides details of our future minimum lease payments under operating lease liabilities recorded in our condensed consolidated balance sheet as of September 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 $ 683 
2023 2,112 
2024 1,427 
2025 1,321 
2026 151 
Thereafter 14 
Total minimum lease payments $ 5,708 
Less: imputed interest 219 
Present value of minimum lease payments $ 5,489 
Less: current portion 2,462 
Long-term portion $ 3,027 
Finance Lease, Liability, Maturity The following table provides details of our future minimum lease payments under operating lease liabilities recorded in our condensed consolidated balance sheet as of September 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 $ 683 
2023 2,112 
2024 1,427 
2025 1,321 
2026 151 
Thereafter 14 
Total minimum lease payments $ 5,708 
Less: imputed interest 219 
Present value of minimum lease payments $ 5,489 
Less: current portion 2,462 
Long-term portion $ 3,027 
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 nine months ended
September 30,
(in thousands) 2022 2021
Operating lease costs
Operating lease cost
2,120  1,172 
Variable lease cost
696  233 
Total lease cost $ 2,816  $ 1,405 
The table below presents lease-related terms and discount rates as of September 30, 2022:
September 30, 2022
Weighted average remaining lease terms  
Operating leases 2.8 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 $ 144,641 
2023 385,709 
2024 and thereafter — 
Total $ 530,350