XML 59 R33.htm IDEA: XBRL DOCUMENT v3.22.4
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease Costs

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s leases for the years ended December 31, 2022 and 2021 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Lease Cost

 

 

 

 

 

 

Amortization of finance right-of-use assets

 

$

 

 

$

11

 

Operating lease costs

 

 

1,879

 

 

 

524

 

Variable lease costs

 

 

1,258

 

 

 

322

 

Short-term lease costs

 

 

8

 

 

 

4

 

Total lease costs

 

$

3,145

 

 

$

861

 

 

Cash paid for amounts included in the measurement of lease liability—finance leases

 

$

 

$

15

 

Cash paid for amounts included in the measurement of lease liabilities—operating leases

 

$

1,690

 

$

519

 

Weighted-average remaining lease term—operating leases (years)

 

 

9.59

 

 

1.58

 

Weighted-average discount rate—finance leases

 

 

 

 

7.94

%

Weighted-average discount rate—operating leases

 

 

10.71

%

 

3.51

%

Summary of Future Minimum Commitments of Operating Lease Liabilities

The following table reconciles the future minimum commitments to the Company’s operating lease liabilities at December 31, 2022 (in thousands):

 

 

 

Operating lease payments as of December 31, 2022

 

2023

 

$

3,111

 

2024

 

 

3,205

 

2025

 

 

3,301

 

2026

 

 

3,400

 

2027

 

 

3,502

 

Thereafter

 

 

17,430

 

Total lease payments

 

 

33,949

 

Less: interest

 

 

(13,091

)

Total operating lease liabilities at December 31, 2022

 

 

20,858

 

Less: current portion of lease liabilities

 

 

2,963

 

Lease liabilities, net of current portion

 

$

17,895