Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Supplemental Balance Sheet Information

Supplemental balance sheet information related to the operating lease ROU asset and lease liabilities as of December 31, 2021 and December 31, 2020 are as follows:

(in thousands)	Balance Sheet Classification	2021		2020
Assets
Operating lease right of-use assets	Non-current assets	$	5,383	$	5,489
Liabilities
Current operating lease liabilities	Current operating lease liabilities	1,059		788
Non-current operating lease liabilities	Non-current operating lease liabilities	7,680		7,619
Total lease liabilities		$	8,739	$	8,407

Lease, Cost

(in thousands)	Consolidated Statement of Operations	2021		2020		2019
Operating lease costs
Operating lease costs	Selling, general and administrative	$	1,045	$	653	$	229
Short-term lease costs
Office Building	Selling, general and administrative	27		288		68
Variable lease costs
Office building	Selling, general and administrative	167		3		—
Total rent expense		$	1,239	$	944	$	297

The weighted-average remaining lease term and discount rate for the years ended December 31, 2021 and December 31, 2020 are as follows:

	December 31, 2021	December 31, 2020
Weighted average remaining lease term (in years)	9.49	10.67
Weighted average discount rate	5.2%	5.2%

Supplemental cash flow information related to operating leases for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 are as follows:

(in thousands)	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities	$	646	$	267	$	182
Initial recognition of operating lease right-of-use asset	$	419	$	5,804	$	—

Lessee, Operating Lease, Liability, Maturity

Future maturities of operating lease liabilities as of December 31, 2021 are as follows:

(in thousands)	Operating Lease Payments
2022	$	1,143
2023	1,061
2024	1,085
2025	1,109
2026	1,135
Thereafter	5,638
Total lease payments	11,171
Less: imputed interest	(2,432)
Total	$	8,739