Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases

Summary of presentation of operating leases in consolidated balance sheets

		June 30,		December 31,
	Balance Sheet Classification	2022		2021
Assets:
Operating lease assets	Right-of-use asset, net	$	115	$	169
Liabilities:
Current portion of operating lease liabilities	Current portion of operating lease liabilities		93		110
Operating lease liabilities, net of current portion	Operating lease liabilities, net of current portion		22		59
Total operating lease liabilities		$	115	$	169

Summary of presentation of operating leases in consolidated balance sheets

The Company recorded operating lease expense in the following categories in its consolidated statements of operations:

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
	(In thousands)				(In thousands)
Research and development	$	19	$	19	$	38	$	38
General and administrative		11		11		22		22
Total	$	30	$	30	$	60	$	60

Schedule of Weighted average discount rate and lease term

The weighted average remaining lease term and weighted average discount rate of the Company’s operating leases are as follows:

	As of June 30,
	2022		2021
Remaining lease term (in years)	1.16		1.53
Discount rate	9.25	%	10.36	%

Summary of minimum lease payments for the next five years and thereafter

The minimum lease payments for the next five years are expected to be as follows:

	As of
	June 30, 2022
	(in thousands)
2022	$	60
2023		55
2024		7
2025		—
Total lease payments		122
Less: imputed interest		7
Present value of operating lease liabilities	$	115