Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies.

Schedule of lease cost

Amounts reported in the consolidated balance sheets for leases where the Company is the lessee as of September 30, 2022 were as follows, in thousands:

	As of September 30,
	2022
Assets
Operating lease assets	$	691
Total operating lease assets	$	691
Liabilities
Current
Operating lease liabilities	$	114
Noncurrent
Operating lease liabilities, net of current		603
Total operating lease liabilities	$	717

The following table summarizes operating lease costs for the three and nine months ended September 30, 2022:

	Three Months Ended		Nine Months Ended
	September 30, 2022		September 30, 2022
Operating lease costs	$	50	$	149
Variable lease costs		—		—
Total lease costs	$	50	$	149

The following table summarizes the lease term and discount rate as of September 30, 2022:

		As of September 30,
		2022
Weighted-average remaining lease term (years)
	Operating leases	5.5
Weighted-average discount rate
	Operating leases	8.1%

The following table summarizes cash paid for amounts included in the measurement of the Company’s operating lease liabilities for the three and nine months ended September 30, 2022:

	Amounts
Nine Months Ended September 30, 2022	(in thousands)
Operating cash flows used for operating leases	$	123

Schedule of minimum lease commitments

For the Years Ended December 31,	Operating Leases
2022 (remaining)	$	41
2023		166
2024		167
2025		169
Thereafter		341
Total undiscounted lease payments	$	884
Less: Imputed interest		(167)
Present value of operating lease liabilities	$	717