Leases

6 Months Ended

Jun. 30, 2022

Sublease Agreement with EQRx, Inc.

In May 2022, the Company entered into the second amendment to the Sublease Agreement (as amended, the “Sublease Amendment”). The Sublease Amendment extended the term of the sublease for a period of 18 months, with an option to extend the sublease for a further six months upon the expiration of the Sublease Amendment. The Sublease Amendment has been accounted for as a single-modified contract. The Company determined the Sublease Amendment would continue to be accounted for as an operating lease. Consistent with the Company’s policy election for lessor operating leases, each lease component and its associated non-lease components is accounted for as a single lease component.

In the three and six months ended June 30, 2022 and 2021, the Company recognized sublease income of $648 and $1,304, and $656 and $1,313, respectively.

As of June 30, 2022, future undiscounted cash inflows under the sublease are as follows:


Year Ending December 31,
2022	$	1,446
2023	2,566
2024	1,494
	$	5,506