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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Operating and Finance Leases Presented in Balance Sheet

The following table summarizes the Company’s recognition of its operating and finance leases (in thousands):

 

 

 

 

 

December 31,

 

 

 

Classification

 

2022

 

 

2021

 

Assets

 

 

 

 

 

 

 

 

Operating

 

Operating lease right-of-use assets

 

$

3,430

 

 

$

3,806

 

Finance

 

Other non-current assets

 

 

597

 

 

 

798

 

Total leased assets

 

 

 

 

4,027

 

 

 

4,604

 

 

 

 

 

 

 

 

 

 

Leases

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Operating

 

Operating lease liabilities

 

 

625

 

 

 

436

 

Finance

 

Accrued and other current liabilities

 

 

16

 

 

 

418

 

Non-current

 

 

 

 

 

 

 

 

Operating

 

Non-current operating lease liabilities

 

 

4,004

 

 

 

4,608

 

Finance

 

Other non-current liabilities

 

 

 

 

 

16

 

Total lease liabilities

 

 

 

$

4,645

 

 

$

5,478

 

Summary of Weighted Average Remaining Lease Term and Discount Rates For Company's Operating and Finance Leases

The following table summarizes the weighted-average remaining lease term and discount rates for the Company’s operating and finance leases:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Lease term (years)

 

 

 

 

 

 

Operating leases

 

 

5.3

 

 

 

6.3

 

Finance leases

 

 

0.6

 

 

 

0.5

 

 

 

 

 

 

 

 

Discount rate

 

 

 

 

 

 

Operating leases

 

 

10.6

%

 

 

10.7

%

Finance leases

 

 

10.2

%

 

 

6.7

%

Summary of Lease Cost

The following table summarizes the lease costs pertaining to the Company’s operating leases (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Operating lease cost

 

$

910

 

 

$

991

 

 

$

1,258

 

Variable lease cost

 

 

472

 

 

 

519

 

 

 

665

 

Total lease cost

 

$

1,382

 

 

$

1,510

 

 

$

1,923

 

Schedule of Maturities of Operating and Finance Lease Liabilities

The maturities of the Company’s operating and finance lease liabilities as of December 31, 2022 were as follows (in thousands):

 

 

 

Operating Leases

 

 

Finance Leases

 

2023

 

$

1,078

 

 

$

16

 

2024

 

 

1,103

 

 

 

 

2025

 

 

1,129

 

 

 

 

2026

 

 

1,163

 

 

 

 

2027

 

 

1,198

 

 

 

 

Thereafter

 

 

403

 

 

 

 

Total lease payments

 

 

6,074

 

 

 

16

 

Less:

 

 

 

 

 

 

Imputed interest

 

 

(1,445

)

 

 

 

Total

 

$

4,629

 

 

$

16