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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Summary of Quantitative Information Associated with Amounts Recognized in Condensed Consolidated Financial Statements for Lease The following table summarizes certain quantitative information associated with the amounts recognized in the accompanying consolidated financial statements for the Lease (dollars in thousands):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

664

 

 

$

664

 

Variable lease cost

 

 

38

 

 

 

51

 

Total operating lease expense

 

$

702

 

 

$

715

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liability

 

$

517

 

 

$

507

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Remaining Lease term (years)

 

 

7.59

 

 

 

8.59

 

Discount rate

 

 

15

%

 

 

15

%

 

Future Minimum Lease Payments Future minimum lease payments for all operating leases as of December 31, 2021 are as follows (in thousands):

 

 

 

December 31, 2021

 

2022

 

$

527

 

2023

 

 

715

 

2024

 

 

730

 

2025

 

 

744

 

2026

 

 

759

 

Thereafter

 

 

2,030

 

Total

 

$

5,505

 

Presentation of Operating Lease Liability

The presentation of the operating lease liability as of December 31, 2021 is as follows (in thousands):

 

 

December 31, 2021

 

Present value of future minimum lease payments

 

$

3,274

 

 

 

 

 

 

Operating lease liability, current portion

 

$

70

 

Operating lease liability, long-term portion

 

 

3,204

 

Total operating lease liability

 

$

3,274

 

 

 

 

 

 

Difference between future minimum lease payments and discounted cash flows

 

$

2,231