ROU Assets and Lease Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of office space and R&D and manufacturing facilities

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

	As of
(Amounts in thousands)	June 30, 2023		December 31, 2022
Operating leases:
Right-of-use assets	$	4,468	$	2,686
Lease liability, current	$	651	$	781
Lease liability, non-current	$	4,544	$	2,365
Finance leases:
Right-of-use assets	$	31	$	116
Lease liability, current	$	55	$	53
Lease liability, non-current	$	38	$	61

Schedule of other information related to leases

Other information related to leases is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in thousands)	2023		2022		2023		2022
Other information:
Operating lease cost	$	95	$	465	$	416	$	534
Variable lease cost	$	134	$	—	$	229	$	—
Sublease income	$	54	$	—	$	129	$	—
Operating cash flows from operating right-of-use assets	$	229	$	—	$	646	$	438
Remeasurement of operating right-of-use assets	$	759	$	—	$	759	$	—

During the three months ended June 30, 2023, the Company remeasured its operating right-of-use assets due to a change in the lease terms of the underlying leases, resulting in a net increase in the right-of-use assets and lease liabilities by approximately $0.8 million. In addition, during the three months ended June 30, 2023, one of the Company's operating leases was assumed by a third party, resulting in the settlement of the lease liability of approximately $1.2 million (presented in the unaudited condensed consolidated statements of cash flows) and recognition of a gain of approximately $0.1 million included within gain on disposal of assets in the unaudited condensed consolidated statements of operations.

	As of
	June 30, 2023		December 31, 2022
Weighted-average remaining lease term – operating leases (in months)	78.8		49.8
Weighted-average discount rate – operating leases	6.9	%	2.9	%

Schedule of annual minimum lease payments of our operating lease liabilities

As of June 30, 2023, the annual minimum lease payments of the Company’s operating lease liabilities were as follows (in thousands):

For The Years Ending December 31,
2023 (excluding the six months ended June 30, 2023)	$	486
2024	961
2025	868
2026	870
2027	883
Total future minimum lease payments, undiscounted	6,641
Less: Imputed interest	(1,446)
Present value of future minimum lease payments	$	5,195