Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Summary of Balance Sheets Adjustments Related to Lease Accounting Standard Update

As a result of applying the modified retrospective approach to adopt the lease guidance, the following adjustments were made to accounts on the Condensed Consolidated Balance Sheet as of January 1, 2022 (in thousands):

Balance Sheet	December 31, 2021		Effect of adoption of ASC 842			January 1, 2022
Assets
Operating lease right-of-use assets	$	—	$	6,585		$	6,585
Total assets	$	—	$	6,585		$	6,585
Liabilities
Operating lease liabilities, current	$	—	$	1,471		$	1,471
Deferred rent (1)		2,386		(2,386	)		—
Operating lease liabilities, non-current		—		7,500			7,500
Total Lease Liabilities	$	2,386	$	6,585		$	8,971
(1) Included in other liabilities and deferred rent, net of current portion on the balance sheet.

Summary of Maturities of Lease Liabilities

The following table summarizes maturities of operating lease liabilities as of June 30, 2022 (in thousands):

2022 (remaining six months)	$	1,022
2023		2,109
2024		2,183
2025		2,259
2026		2,137
Thereafter		—
Total future undiscounted lease payments		9,710
Less: Imputed interest		(1,490	)
Total Lease Liabilities	$	8,220

Summary of Balance Sheet Classification of Leases

The following table summarizes the balance sheet classification of operating leases at June 30, 2022 (in thousands):

Operating leases
Operating lease right-of-use assets	$	6,055
Operating lease liabilities, current		1,503
Operating lease liabilities, non-current		6,717
Total operating lease liabilities	$	8,220