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Leases (Tables)
6 Months Ended
Jun. 30, 2023
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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Lease Cost:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

444

 

 

$

264

 

 

$

888

 

 

$

528

 

Variable lease cost

 

 

248

 

 

 

1,996

 

 

 

494

 

 

 

2,874

 

Total lease cost

 

$

692

 

 

$

2,260

 

 

$

1,382

 

 

$

3,402

 

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, 2023

 

Weighted-average remaining lease term (in years)

 

 

0.8

 

Weighted-average discount rate

 

 

8.2

%