LEASES

9 Months Ended

Sep. 30, 2022

LEASES

LEASES

10. LEASES

The following table summarizes the Company’s lease related costs for the nine months ended September 30, 2022 and 2021:

		Operating (in thousands)
Lease Cost	Statement of Operations Location		2022		2021
Operating Lease Cost	General and administrative	$	126	$	126
Total Lease Cost		$	126	$	126

Average lease terms and discount rates for the Company’s operating leases were as follows:

	Nine Months Ended
	September 30,		September 30,
Other Information	2022		2021
Weighted-average remaining lease term
Operating leases		2.1 years		3.0 years
Weighted-average discount rate
Operating leases		5.69%		5.69%

The following table summarizes the maturities of lease liabilities as of September 30, 2022:

	Operating
Year	(in thousands)
2022	$	128
2023		515
2024		426
Thereafter		—
Total lease payments		1,069
Less: interest		63
Total lease liabilities	$	1,006