Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Right of Use Asset and Related Lease Liability and Supplemental Cash Flow Information

Because the rate implicit in the lease is not readily determinable, we used our incremental borrowing rate to determine the present value of lease payments. Information related to our right-of-use asset and related lease liability were as follows:

		March 31,		December 31,
(in thousands)	Balance Sheet Classification	2023		2022
Right-of-use asset	Right-of-use lease asset, net	$	6,895	$	7,093
Operating lease liability (current)	Accounts payable, accrued and other liabilities	$	751	$	745
Operating lease liability (non-current)	Long-term lease liability		6,298		6,489
		$	7,049	$	7,234

	For the Three Months Ended March 31,
(in thousands)	2023		2022
Cash paid for operating lease liabilities	$	250	$	250

	For the Three Months Ended March 31,
(in thousands)	2023		2022
Cash paid for operating lease liabilities	$	250	$	250

Schedule of Future Amortization of Lease Liability

Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of March 31, 2023 is expected to be:

(in thousands)
2023 (remaining)	$	751
2024		1,008
2025		1,035
2026		1,064
2027		1,093
Thereafter		3,158
Future lease payments, gross		8,109
Less: Imputed interest		(1,060	)
Operating lease liability	$	7,049