Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Components of Lease Cost

The components of lease cost recorded in the Company’s condensed consolidated financial statements were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Lease Cost:
Operating lease cost	$	264	$	264	$	528	$	528
Variable lease cost		1,996		1,243		2,874		1,362
Total lease cost	$	2,260	$	1,507	$	3,402	$	1,890

Summary of Weighted-Average Remaining Lease Term and Discount Rate Related to Operating Leases

The weighted-average remaining lease term and discount rate related to the Company’s operating leases were as follows:

	As of June 30, 2022
Weighted-average remaining lease term (in years)		0.8
Weighted-average discount rate		5.5	%

Summary of Maturity of Operating Lease Liabilities

Maturity of the Company’s operating lease liabilities in accordance with ASC 842 as of June 30, 2022 were as follows (in thousands):

Year ending December 31,
Remainder of 2022	$	569
2023		382
2024		2
Total maturities		953
Less: Amount representing interest		(24	)
Present value of operating lease liability		929
Less: Current portion of operating lease liability		(926	)
Total operating lease liability, net of current portion	$	3