Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases, Operating [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

	Three Months Ended September 30,						For the Nine Months Ended September 30,
(in thousands)	2021			2020			2021			2020
Operating lease cost	$	352		$	267		$	1,113		$	768
Total lease cost	$	352		$	267		$	1,113		$	768
Weighted-average remaining lease term (years)		5.71		4.99				5.71		4.99
Weighted-average discount rate		8.00	%		8.00	%		8.00	%		8.00	%

Lessee, Operating Lease, Liability, Maturity

As of September 30, 2021, the future minimum lease payments of the Company’s operating lease obligations for the years ended December 31, were as follows (in thousands):

2021 (excluding the nine months ended September 30, 2021)	$	273
2022		1,102
2023		1,132
2024		1,166
2025		1,201
Thereafter		1,873
Total lease payments		6,747
Less: Imputed interest and adjustments		(1,329	)
Present value of lease payments	$	5,418