Leases

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and 2022, the Company recognized sublease income of $643 and $656, respectively.

As of March 31, 2023, future undiscounted cash inflows under the sublease are as follows:


Year Ending December 31,
2023	$	1,907
2024	1,494
	$	3,401