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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Components of the Company's Lease Expense

The components of the Company’s lease expense under ASC 842 were as follows (in thousands):

 

 

 

 

Year Ended

 

 

 

 

December 31, 2022

 

Operating lease cost

 

 

$

6,407

 

Short-term lease cost

 

 

 

 

Variable lease cost

 

 

 

1,406

 

 

 

 

$

7,813

 

 

Table of Contents
Schedule of Supplemental Disclosure Of Cash Flow Information Related To The Lease

Supplemental disclosure of cash flow information related to the lease was as follows (in thousands):

 

 

 

Year Ended

 

 

 

 

December 31, 2022

 

Cash paid for amounts included in the measurement of operating
     lease liabilities

 

 

$

6,567

 

   Operating lease liabilities arising from obtaining right-of-use
        asset

 

 

$

 

Schedule of Weighted Average Remaining Lease Term And Discount Rate

The weighted average remaining lease term and discount rate were as follows:

 

 

 

 

December 31, 2022

 

Weighted-average remaining lease term - operating lease (in years)

 

 

 

5.17

 

Weighted-average discount rate - operating lease

 

 

 

11.00

%

Schedule of Future Minimum Lease Payments Due Under Noncancelable Operating Lease

As of December 31, 2022, the future minimum lease payments due under the noncancelable operating lease was as follows (in thousands):

 

2023

 

 

$

6,936

 

2024

 

 

 

7,313

 

2025

 

 

 

7,679

 

2026

 

 

 

8,062

 

2027

 

 

 

8,466

 

Thereafter

 

 

 

1,439

 

Total future minimum lease payments

 

 

 

39,895

 

Less: imputed interest

 

 

 

(9,933

)

Total operating lease liabilities

 

 

$

29,962

 

As previously disclosed in the Company’s Annual Report on Form 10-K and under the previous lease accounting standard, ASC 840, Leases, the following table summarizes the future minimum lease payments due under the operating lease as of December 31, 2021 (in thousands):

2022

 

 

$

6,375

 

2023

 

 

 

6,734

 

2024

 

 

 

7,100

 

2025

 

 

 

7,455

 

2026

 

 

 

7,828

 

Thereafter

 

 

 

9,617

 

 

 

 

$

45,109

 

Schedule of Lease Liabilities

The following table represents the lease liabilities on the consolidated balance sheet (in thousands):

 

 

 

December 31, 2022

 

Current operating lease liability

 

 

$

3,824

 

Operating lease liability, net of current portion

 

 

 

26,138

 

Total operating lease liabilities

 

 

$

29,962