The Company has existing operating leases for certain office equipment and its facility with initial terms ranging from 36 months to 130 months. The facility lease has an option for the Company to extend the lease term for an additional five years; however, it is not reasonably certain the Company will exercise the option to renew when the lease term ends in 2027, and thus, the incremental term was excluded from the calculation of the lease liability. The Company has the right to terminate the lease at the end of the 94th month of the lease term if it is acquired by a third party and pays an early termination fee. The Company’s restricted cash consists of cash maintained in separate deposit accounts to secure a letter of credit issued by a bank to the landlord under the facility lease.

In November 2021, the Company entered into a lease for certain computer equipment with an initial term of 48 months, which includes an option to purchase the equipment at the end of the lease term that is not reasonably certain to be exercised. The lease payment includes customary principal and interest as well as costs related to the installation and setup of the equipment. The associated right-of-use asset is recognized within property and equipment, net on the condensed balance sheets and is being amortized over four years in accordance with the Company’s standard depreciation and amortization policies.


	Six Months Ended June 30,
Lease expenses:	2022		2021
Operating lease expenses		1,557		1,573
Variable lease expenses		457		474
Total lease expenses	$	2,014	$	2,047


Lease Maturities:	Operating Leases			Finance Leases			Total
Remaining in 2022	$	1,687		$	46		$	1,733
2023		3,464			91			3,555
2024		3,554			91			3,645
2025		3,642			83			3,725
2026		3,751		—				3,751
2027		2,891		—				2,891
Total minimum lease payments		18,989			311			19,300
Imputed interest		(4,353	)		(44	)		(4,397	)
Total		14,636			267			14,903
Less: leases, current		(3,414	)		(91	)		(3,505	)
Leases, net of current	$	11,222		$	176		$	11,398