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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Elements of Lease Expense Net of Sublease Income

The elements of the lease expense, net of sublease income, were as follows (in thousands):

 

 

 

Six Months Ended June 30, 2022

 

Lease cost

 

 

 

Operating lease cost

 

$

579

 

Variable lease cost (1)

 

 

478

 

Sublease Income

 

 

(1,308

)

Total lease cost

 

$

(251

)

 

 

 

 

Other information

 

 

 

Cash paid for amounts included in the measurement of
   lease liabilities

 

$

1,057

 

Weighted average remaining lease term

 

 

11.24

 

Weighted average discount rate

 

 

8.08

%

 

(1)
The variable lease costs for the six months ended June 30, 2022 include common area maintenance and other operating charges.
Summary of Future Minimum Payments under Cambridge and Boulder Operating Lease

Future minimum lease payments under the Cambridge and Boulder operating leases commenced as of June 30, 2022 are as follows (in thousands):

 

Year Ending December 31,

 

 

 

2022 (remaining 6 months)

 

 

8,496

 

2023

 

 

2,544

 

2024

 

 

2,780

 

2025

 

 

2,841

 

2026

 

 

2,697

 

Thereafter

 

 

19,678

 

Total future minimum lease payments

 

 

39,036

 

Less: imputed interest

 

 

10,707

 

Less: tenant improvement allowance receivable

 

 

263

 

Total operating lease liability

 

$

28,066

 

Included in the condensed consolidated balance sheet:

 

 

 

Current operating lease liability

 

$

9,057

 

Operating lease liability, net of current portion

 

 

19,009

 

Total operating lease liability

 

$

28,066