Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity
The following table provides details of our future minimum lease payments under our operating lease liabilities recorded in our consolidated balance sheet as of December 31, 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
2023 $ 1,609 
2024 914 
2025 942 
2026 77 
2027 — 
Thereafter — 
Total minimum lease payments 3,542 
Less: imputed interest 127 
Present value of minimum lease payments 3,415 
Less: current portion 1,528 
Long-term portion $ 1,887 
Lease, Cost
The following expenses related to our operating leases were included in “general and administrative expenses” within our consolidated statements of operations and comprehensive loss for the years ended December 31, 2022 and 2021:
For the year ended December 31,
(in thousands) 2022 2021
Operating lease cost
2,735  1,383 
Variable lease cost
837  255 
Total lease cost $ 3,572  $ 1,638 
The table below presents operating lease-related terms and discount rates as of December 31, 2022:
Operating Leases
Weighted average remaining lease terms 2.5 years
Weighted average discount rate 2.2  %
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:
(in thousands) Rental Income
2023 $ 386 
2024 and thereafter — 
Total $ 386