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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Classified of ROU assets and lease liabilities and weighted average remaining lease term

Classification of ROU assets and lease liabilities and the weighted-average remaining lease term and discount rate associated with operating leases are as follows ($ in thousands):

 

 

 

As of
June 30,
2022

 

 

As of
December 31,
2021

 

ROU assets:

 

 

 

 

 

 

ROU assets - operating leases

 

$

3,227

 

 

$

 

Lease liabilities:

 

 

 

 

 

 

Current portion of operating lease liabilities

 

 

1,061

 

 

 

 

Noncurrent portion of operating lease liabilities

 

 

5,235

 

 

 

 

Total lease liabilities

 

$

6,296

 

 

$

 

Weighted-average remaining lease term (in years):

 

 

 

 

 

 

Operating leases

 

 

5.5

 

 

 

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

8.0

%

 

 

 

Schedule of Component of Lease Cost

The components of lease costs are as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease costs

 

$

255

 

 

$

 

 

$

440

 

 

$

 

Short-term lease costs

 

 

228

 

 

 

126

 

 

 

369

 

 

 

140

 

Total lease costs

 

$

483

 

 

$

126

 

 

$

809

 

 

$

140

 

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities and reconciliation to the present value of lease liabilities are as follows (in thousands):

 

 

 

As of June 30,
2022

 

2022

 

$

 

2023

 

 

2,137

 

2024

 

 

2,201

 

2025

 

 

2,267

 

2026

 

 

2,335

 

Thereafter

 

 

2,405

 

Total undiscounted lease payments

 

 

11,345

 

Less: lease incentives

 

 

(2,672

)

Less: imputed interest

 

 

(2,377

)

Total lease liabilities

 

 

6,296

 

Less: current lease liabilities

 

 

(1,061

)

Lease liabilities, net of current portion

 

$

5,235