Leases (Tables)

12 Months Ended

Dec. 31, 2021

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 use 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:

		December 31,		December 31,
(in thousands)	Balance Sheet Classification	2021		2020
Right-of-use asset	Right-of-use lease asset, net	$	7,871	$	8,622
Operating lease liability (current)	Accounts payable, accrued and other liabilities	$	718	$	691
Operating lease liability (non-current)	Long-term lease liability		7,234		7,952
		$	7,952	$	8,643

	For the Year Ended December 31,
(in thousands	2021		2020
Cash paid for operating lease liabilities	$	1,001	$	321
Right-of-use asset obtained in exchange for operating lease obligation		—		8,841

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 December 31, 2021 is expected to be as follows:

(in thousands)
2022	$	1,001
2023		1,001
2024		1,008
2025		1,035
2026		1,064
Thereafter		4,253
Future lease payments, gross		9,362
Less: Imputed interest		(1,410	)
Operating lease liability	$	7,952