Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2023. 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
Remainder of 2023 $ 637 
2024 914 
2025 942 
2026 81 
2027 and thereafter
Total minimum lease payments 2,574 
Less: imputed interest 96 
Present value of minimum lease payments 2,478 
Less: current portion 1,005 
Long-term portion $ 1,473 
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) 2023 2022
Operating lease cost
 $ 1,041  $ 1,406 
Variable lease cost
 143  47 
Total lease cost $ 1,184  $ 1,453 
The table below presents lease-related terms and discount rates as of June 30, 2023:
Operating Leases
Weighted average remaining lease terms 2.4 years
Weighted average discount rate 2.3  %
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 2023 $ 96,000 
2024 and thereafter — 
Total $ 96,000