Leases

9 Months Ended

Sep. 30, 2022

Leases

Leases

5. Leases

Operating leases consist primarily of office space expiring at various dates through 2029. Finance leases relate to a server lease expiring in January 2025. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The undiscounted future non-cancellable lease payments under the Company’s operating and finance leases were as follows (in thousands):

As of September 30, 2022	Amount
2022	$	345
2023		1,396
2024		1,411
2025		1,416
2026		1,431
Thereafter		1,880
Total lease payments		7,879
Less: imputed interest		(909)
Total lease liabilities		6,970
Less: current portion of lease liabilities		(1,106)
Total lease liabilities, net of current portion	$	5,864

Other information related to the Company’s operating lease liabilities was as follows:

	September 30,		December 31,
	2022		2021
Weighted-average remaining lease term (years)	5.60		1.08
Weighted-average discount rate	4.50	%	6.00	%

Other information related to the Company’s finance lease liabilities was as follows:

	September 30,		December 31,
	2022		2021
Weighted-average remaining lease term (years)	2.34		—
Weighted-average discount rate	4.50	%	—	%