Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Future minimum annual lease payments

Future minimum annual lease payments for all operating leases of the Company are as follows as of December 31, 2022 (in thousands):

2023	$	4,937
2024		5,033
2025		5,019
2026		5,080
2027		5,121
Thereafter		13,057
Total undiscounted lease payments		38,247
Less: imputed interest		(6,843	)
Operating lease liability		31,404
Less: current portion of operating lease liability		(4,842	)
Operating lease liability, less current portion	$	26,562

Summary of Weighted-Average Remaining Lease Term and Discount Rate

The Company’s weighted average remaining lease term and weighted average discount rate as of December 31, 2022 and December 31, 2021 are as follows:

	December 31,
	2022			2021
Weighted average remaining lease term (years)		7.7			8.6
Weighted average discount rate		5.5	%		8.5	%

Summary of Operating Leases

Information related to the Company’s operating leases is as follows (in thousands):

	Year Ended December 31,
	2022		2021		2020
Rent expense	$	4,643	$	4,482	$	1,300
Cash paid for amounts included in measurement of lease liabilities	$	4,409	$	1,795	$	1,400