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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 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:

 

 

 

Six months ended June 30,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Operating lease costs

 

$

2,175

 

 

$

1,847

 

Variable lease costs

 

 

1,313

 

 

 

1,090

 

Sublease income

 

 

(1,538

)

 

 

(1,240

)

Net lease cost

 

$

1,950

 

 

$

1,697

 

Schedule of Operating Lease Liabilities and Minimum Lease Payments

The maturities of the Company's operating lease liabilities and minimum lease payments as of June 30, 2023 were as follows:

 

For the Years Ending December 31,

 

Amount
(in thousands)

 

2023

 

 

2,242

 

2024

 

 

4,578

 

2025

 

 

4,715

 

2026

 

 

4,857

 

Thereafter

 

 

26,266

 

Total undiscounted lease payments

 

$

42,658

 

Less: imputed interest

 

 

(13,934

)

Present value of operating lease liabilities

 

$

28,724

 

Schedule of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate as of June 30, 2023:

 

 

 

June 30, 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:

 

 

 

Six months ended June 30,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

2,202

 

 

$

1,328

 

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

 

$

 

 

$

199