COMMITMENT AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2022

COMMITMENTS AND CONTINGENCIES.

Summary of maturities of leases

As of December 31, 2021, future minimum lease payments totaled $141,000, all of which will be paid in 2022. Future minimum lease payments under the New Boulder Lease as of June 30, 2022 are as follows (in thousands):

Year Ending December 31,
2022, remainder	$	—
2023		328
2024		446
2025		457
2026		468
Thereafter		1,602
Total undiscounted future minimum lease payments		3,301
Less: discount		739
Less: tenant improvement receivable		822
Total lease liability	$	1,740