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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Reconciliation of Undiscounted Operating Lease Cash Flows to Operating Lease Liability Payments

The following table reconciles the Company’s undiscounted operating lease cash flows to its operating lease liability (in thousands):

 

 

 

June 30,
2022

 

Remaining 2022

 

$

228

 

2023

 

 

466

 

2024

 

 

480

 

2025

 

 

494

 

Thereafter

 

 

856

 

Total undiscounted lease payments

 

 

2,524

 

Present value adjustment for minimum lease
   commitments

 

 

(463

)

Net lease liability

 

$

2,061

 

Weighted Average Remaining Lease Term and Weighted Average Discount Rate and Operating Lease Expense and Variable Lease Expense

The weighted average remaining lease term and the weighted average discount rate used to determine the operating lease liability were as follows:

 

 

 

June 30,
2022

 

Weighted average remaining lease term (years)

 

 

5.2

 

Weighted average discount rate

 

 

8.1

%

 

Operating lease expense and variable lease expense consisted of the following (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease expense

 

$

88

 

 

$

85

 

 

$

177

 

 

$

146

 

Variable lease expense

 

 

41

 

 

 

20

 

 

 

85

 

 

 

40