Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

LEASES

All of our leases are operating leases and each contain customary rent escalation clauses. Certain of the leases have both lease and non-lease components. We have elected to account for each separate lease component and the non-lease components associated with that lease component as a single lease component for all classes of underlying assets.

The following table provides additional details of our facility leases presented in our condensed balance sheets (dollars in thousands):

Facilities	June 30, 2022			December 31, 2021
Right-of-use assets	$	11,054		$	12,752
Current portion of lease liabilities	3,691			3,492
Operating lease liability, net of current portion	7,857			9,748
Total	$	11,548		$	13,240
Weighted-average remaining life (years)	2.9			3.4
Weighted-average discount rate	6.8		%	6.9		%

Lease costs, which are included in operating expenses in our statements of operations, were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Operating lease expense	$	1,064	$	837	$	2,128	$	1,510
Cash paid for operating lease	$	1,064	$	766	$	2,122	$	1,554

The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of June 30, 2022 (in thousands):

Remainder of 2022	$	2,170
2023	4,440
2024	4,589
2025	1,321
2026	252
Total undiscounted operating lease payments	12,772
Imputed interest expenses	(1,224)
Total operating lease liabilities	11,548
Less: Current portion of operating lease liability	(3,691)
Operating lease liability, net of current portion	$	7,857