Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Components of Lease Expense

Components of lease expense required by ASC 842 are presented below for the three and six months ended June 30, 2022.

	Three Months Ended June 30,		Six Months Ended June 30,
	2022		2022
	(in thousands)		(in thousands)
Lease cost
Operating lease cost	$	544	$	1,048
Total lease cost	$	544	$	1,048

Summary of Consolidated Balance Sheet of Operating Leases

The following table summarizes the presentation in the Company’s consolidated balance sheet of its operating leases (in thousands):

	As of June 30, 2022
Assets
Operating lease right-of-use assets	$	6,369
Liabilities
Operating lease right-of-use liabilities, current	$	1,787
Operating lease right-of-use liabilities, net of current portion		5,287
Total operating lease liabilities	$	7,074

Summary of Future Minimum Lease Payments

Future minimum lease payments under non-cancelable leases as of June 30, 2022, were as detailed below (in thousands):

	As of June 30, 2022
2022 (remaining 6 months)	$	1,038
2023		2,417
2024		2,478
2025		1,586
2026		476
Total undiscounted lease payments		7,995
Less: imputed interest		(921	)
Total operating lease liabilities	$	7,074

Future minimum lease payments under non-cancelable leases as of December 31, 2021, were as detailed below (in thousands):

	As of December, 31, 2021
2022	$	532
2023		541
2024		555
2025		563
2026		476
Total operating lease liabilities	$	2,667