Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

7.Leases

The Company has a non-cancelable operating lease for office space in Malvern, Pennsylvania which, as of June 30, 2022, has a remaining lease term of approximately 0.7 years. The discount rate used to account for the Company’s operating leases under FASB ASU No. 2018-11, Leases (Topic 842), is the Company’s estimated incremental borrowing rate of 5.3%.

Supplemental balance sheet information related to leases was as follows:

	June 30,		December 31,
	2022		2021
Operating Leases
Right-of-use lease assets	$	168	$	296
Lease liabilities, current		172		258
Lease liabilities, net of current portion		—		44
Total operating lease liabilities	$	172	$	302

The components of lease expense were as follows:

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Operating lease costs
Operating lease rental expense	$	62	$	75	$	130	$	149
Interest on lease liabilities		3		6		6		13
Total operating lease expense	$	65	$	81	$	136	$	162

Supplemental cash flow information related to leases was as follows:

	Six months ended June 30,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	135	$	162
Right-of-use assets obtained in exchange for lease obligation
Operating leases		—		70

Future minimum rental payments under the Company’s non-cancelable operating lease liabilities as of June 30, 2022 (amounts in thousands):

Remainder of 2022	$	131
2023		44
Total		175
Less: imputed interest		(3	)
	$	172