Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.4
Leases (Tables)
9 Months Ended
Sep. 30, 2023
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, 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 $ 261 
2024 914 
2025 942 
2026 81 
2027 and thereafter — 
Total minimum lease payments $ 2,197 
Less: imputed interest 61 
Present value of minimum lease payments $ 2,136 
Less: current portion 898 
Long-term portion $ 1,238 
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, 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 $ 261 
2024 914 
2025 942 
2026 81 
2027 and thereafter — 
Total minimum lease payments $ 2,197 
Less: imputed interest 61 
Present value of minimum lease payments $ 2,136 
Less: current portion 898 
Long-term portion $ 1,238 
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) 2023 2022
Operating lease cost
1,474  2,120 
Variable lease cost
461  696 
Total lease cost $ 1,935  $ 2,816 
The table below presents lease-related terms and discount rates as of September 30, 2023:
Operating Leases
Weighted average remaining lease terms 2.2 years
Weighted average discount rate 2.3  %