Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Information Related to ROU Assets and Lease Liabilities

Information related to our ROU assets and related lease liabilities was as follows (dollar amounts in thousands):

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,			June 30,
	2022		2021		2022			2021
Cash paid for operating lease liabilities	$	1,586	$	347	$	2,112		$	570
Operating lease right-of-use assets						24,556			654
Current operating lease liabilities					$	6,644		$	710
Non-current operating lease liabilities						14,560			225
Total lease liabilities					$	21,204		$	935
Weighted-average remaining lease term (in years)						3.51			0.62
Weighted-average discount rate						7.6	%		6.7	%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2022 were as follows:

Years ending December 31,	(in thousands)
Remainder of 2022	$	3,541
2023		6,639
2024		6,805
2025		6,976
Thereafter		—
Total future undiscounted lease payments		23,961
Less: Imputed interest		(2,757	)
Total lease liabilities	$	21,204

Future minimum payments required under operating leases as of December 31, 2021 were as follows:

Years ending December 31,	(in thousands)
2022(1)	$	(105	)
2023		6,639
2024		6,805
2025		6,976
Thereafter		—
Total future undiscounted lease payments		20,315
Less: Imputed interest		(3,532	)
Total lease liabilities	$	16,783

(1)Maturities for 2022 are net of lease incentives of $0.9 million allocated to the Palo Alto office.