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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 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 March 31, 2022 (in thousands):

 

Remainder of 2022

 

$

3,245

 

2023

 

 

4,471

 

2024

 

 

4,547

 

2025

 

 

4,580

 

2026

 

 

4,684

 

Thereafter

 

 

17,830

 

Total undiscounted lease payments

 

 

39,357

 

Less: imputed interest

 

 

(11,389

)

Operating lease liability

 

 

27,968

 

Less: current portion of operating lease liability

 

 

(4,034

)

Operating lease liability, less current portion

 

$

23,934

 

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 March 31, 2022 and December 31, 2021 are as follows:

 

 

 

March 31,

2022

 

 

December 31, 2021

 

Weighted-average remaining lease term (years)

 

 

8.3

 

 

 

8.6

 

Weighted-average discount rate

 

 

8.5

%

 

 

8.5

%

Summary of Operating Leases

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

 

 

 

Three Months Ended

March 31,

 

 

 

2022

 

 

2021

 

Rent expense

 

$

1,156

 

 

$

1,083

 

Cash paid for amounts included in measurement of lease liabilities

 

$

1,022

 

 

$

380