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Operating Leases
 9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Operating Leases Operating Leases
The Company has commitments under operating leases for office and laboratory space located in Malvern, Pennsylvania. The Company's leases have initial terms of approximately seven years and include options to extend the operating leases for up to 10 years. The options for extension have been excluded from the lease terms (and lease liabilities) as it is not reasonably certain that the Company will exercise such options.
The components of lease expense were as follows (in thousands):
Three months ended September 30,Nine months ended September 30,
2022202120222021
Operating lease cost$196 $66 $578 $200 
Variable lease cost36 26 89 79 
Total lease cost$232 $92 $667 $279 
Supplemental balance sheet information related to leases was as follows (in thousands):
September 30, 2022December 31, 2021
Right-of-use assets, net$4,040 $1,587 
Current lease obligations$443 $363 
Non-current lease obligations3,764 1,231 
Total lease liabilities$4,207 $1,594 
Supplemental information related to leases was as follows:
Nine months ended September 30,
20222021
Weighted-average remaining lease term (years)6.56.2
Weighted-average discount rate6.4 %4.6 %
Future minimum base rent payments are approximately as follows (in thousands):
For the Years Ending December 31,Amount
Remainder of 2022$147 
2023762 
2024785 
2025809 
2026833 
Thereafter1,859 
Total$5,195 
Less: present value adjustment(988)
Present value of minimum lease payments$4,207