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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Costs, Variable Lease Costs and Sub Lease Income

The following table summarizes operating lease costs and variable lease costs, as well as sublease income:

 

 

 

Three months ended March 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Operating lease costs

 

$

1,088

 

 

$

924

 

Variable lease costs

 

 

734

 

 

 

634

 

Sublease income

 

 

(769

)

 

 

(310

)

Net lease cost

 

$

1,053

 

 

$

1,248

 

Schedule of Operating Lease Liabilities and Minimum Lease Payments

The maturities of the Company's operating lease liabilities and minimum lease payments as of March 31, 2023 were as follows:

 

For the Years Ending December 31,

 

Amount
(in thousands)

 

2023

 

 

3,230

 

2024

 

 

4,578

 

2025

 

 

4,715

 

2026

 

 

4,857

 

Thereafter

 

 

26,266

 

Total undiscounted lease payments

 

$

43,646

 

Less: imputed interest

 

 

(14,545

)

Present value of operating lease liabilities

 

$

29,101

 

Schedule of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate as of March 31, 2023:

 

 

 

As of March 31, 2023

 

Weighted-average remaining lease term (years)

 

 

 

Operating leases

 

 

8.0

 

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 lease:

 

 

 

Three months ended March 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

1,101

 

 

$

877

 

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

 

$

 

 

$

199