XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.1
Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Cost Components of Operating Lease

The cost components of the operating leases were as follows for the three months ended March 31, 2023 and 2022:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Lease Cost

 

 

 

 

 

 

Operating lease expense

 

$

412

 

 

$

238

 

Variable lease expense(1)

 

 

197

 

 

 

192

 

Lease Term and Discount Rate

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

7.98

 

 

 

10.25

 

Weighted average discount rate

 

 

3.92

%

 

 

3.42

%

 

(1)
Variable lease costs are payments that vary because of changes in facts or circumstances and include common area maintenance and property taxes related to the premises. Variable lease costs are excluded from the calculation of minimum lease payments.
Future Minimum Lease Payments

Future minimum lease payments as of March 31, 2023 were as follows:

 

Year ending December 31:

 

2023

 

$

1,218

 

2024

 

 

1,680

 

2025

 

 

1,748

 

2026

 

 

1,816

 

2027

 

 

1,803

 

2028 and thereafter

 

 

5,300

 

Total future minimum lease payments

 

$

13,565

 

Less: imputed interest

 

 

(1,938

)

Present value of lease liabilities

 

$

11,627