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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Cost and Variable Lease Costs and Sub Lease Income

The following table summarizes operating lease costs and variable lease costs, as well as sublease income for the year ended December 31, 2022:

 

 

 

Years ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Operating lease costs

 

$

3,913

 

 

$

2,592

 

Variable lease costs

 

 

2,142

 

 

 

2,127

 

Sublease income

 

 

(1,979

)

 

 

(861

)

Net lease cost

 

$

4,076

 

 

$

3,858

 

Schedule of Maturities of Operating Lease Liabilities

The maturities of our operating lease liabilities as of December 31, 2022 were as follows:

 

 

 

Amount

 

For the Years Ending December 31,

 

(in thousands)

 

2023

 

 

4,444

 

2024

 

 

4,578

 

2025

 

 

4,715

 

2026

 

 

4,857

 

Thereafter

 

 

26,266

 

Total undiscounted lease payments

 

$

44,860

 

Less: imputed interest

 

 

(15,383

)

Present value of operating lease liabilities

 

$

29,477

 

Schedule of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate as of December 31, 2022:

 

 

 

As of
December 31, 2022

 

Weighted-average remaining lease term (years)

 

 

 

Operating leases

 

 

8.2

 

Weighted-average discount rate

 

 

 

Operating leases

 

 

10.6

%

Schedule of Operating Lease Liabilities

The following table summarizes the supplemental cash flow information related to the Company's operating leases for the year ended December 31, 2022.

 

 

 

Years ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

3,326

 

 

$

3,810

 

Increase in lease liabilities and right-of-use assets due to lease remeasurement

 

$

6,262

 

 

$

10,901