ROU Assets and Lease Liabilities

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

ROU Assets and Lease Liabilities

ROU Assets and Lease Liabilities

The Company’s right-of-use ("ROU") assets and lease liabilities are comprised of the following:

	As of
(Amounts in thousands)	March 31, 2023		December 31, 2022
Operating leases:
Right-of-use assets	$	3,150	$	2,686
Lease liability, current	1,225		781
Lease liability, non-current	2,784		2,365
Finance leases:
Right-of-use assets	34		116
Lease liability, current	54		53
Lease liability, non-current	48		61

Other information related to leases is presented below:

	For the Three Months Ended March 31,
(Amounts in thousands)	2023			2022
Other information:
Operating lease cost	$	321		$	227
Operating cash flows from operating leases	$	417		$	240
Weighted-average remaining lease term – operating leases (in months)	42.7			81.1
Weighted-average discount rate – operating leases	4.3		%	9.7		%

As of March 31, 2023, the annual minimum lease payments of our operating lease liabilities were as follows (in thousands):

For The Years Ending December 31,
2023 (excluding the three months ended March 31, 2023)	$	634
2024	770
2025	675
2026	689
2027	346
Thereafter	—
Total future minimum lease payments, undiscounted	3,114
Less: imputed interest	(895)
Present value of future minimum lease payments	$	4,009

ROU Assets and Lease Liabilities

ROU Assets and Lease Liabilities

The Company’s right-of-use ("ROU") assets and lease liabilities are comprised of the following:

	As of
(Amounts in thousands)	March 31, 2023		December 31, 2022
Operating leases:
Right-of-use assets	$	3,150	$	2,686
Lease liability, current	1,225		781
Lease liability, non-current	2,784		2,365
Finance leases:
Right-of-use assets	34		116
Lease liability, current	54		53
Lease liability, non-current	48		61

Other information related to leases is presented below:

	For the Three Months Ended March 31,
(Amounts in thousands)	2023			2022
Other information:
Operating lease cost	$	321		$	227
Operating cash flows from operating leases	$	417		$	240
Weighted-average remaining lease term – operating leases (in months)	42.7			81.1
Weighted-average discount rate – operating leases	4.3		%	9.7		%

As of March 31, 2023, the annual minimum lease payments of our operating lease liabilities were as follows (in thousands):

For The Years Ending December 31,
2023 (excluding the three months ended March 31, 2023)	$	634
2024	770
2025	675
2026	689
2027	346
Thereafter	—
Total future minimum lease payments, undiscounted	3,114
Less: imputed interest	(895)
Present value of future minimum lease payments	$	4,009