Operating Lease (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Information Related to Lease

The following table summarizes information related to the Company’s lease (amounts in thousands):

	December 31,
	2021		2020
Assets:
Operating lease right-of-use assets	$	557	$	119
Total right-of-use assets	$	557	$	119
Liabilities:
Operating lease liabilities, current	$	131	$	125
Operating lease liabilities, non-current		474		—
Total operating lease liabilities	$	605	$	125

Schedule of Rent Expense

Rent expense related to this lease each of the twelve months ended December 31, 2021 and December 31, 2020 is presented on the following table (amounts in thousands):

	December 31,
	2021		2020
Cash paid included in operating cash flows	$	146	$	195
Operating leases rent expense	$	188	$	183

Summary of Future Minimum Lease Payments Required under Operating Lease

The future minimum lease payments required under the operating lease as of December 31, 2021, are summarized below (amounts in thousands):

Future Minimum Lease Payments:
2022	$	169
2023		231
2024		238
2025		40
Total minimum lease payments	$	678
Less: amount representing interest		(73	)
Present value of operating lease liabilities	$	605
Less: operating lease liabilities, current		(131	)
Operating lease liabilities, non-current	$	474
Remaining lease term (in years)	3.17
Incremental borrowing rate		6.80	%