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Leases (Tables)
12 Months Ended
Dec. 31, 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
December 31,
2022

 

 

ROU assets:

 

 

 

 

ROU assets - operating leases

 

$

3,247

 

 

Lease liabilities:

 

 

 

 

Current portion of operating lease liabilities

 

 

2,137

 

 

Noncurrent portion of operating lease liabilities

 

 

6,658

 

 

Total lease liabilities

 

$

8,795

 

 

Weighted-average remaining lease term (in years):

 

 

 

 

Operating leases

 

 

5.0

 

 

Weighted-average discount rate:

 

 

 

 

Operating leases

 

 

8.0

%

 

Schedule of Component of Lease Cost

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

 

 

 

Year Ended
December 31,

 

 

 

2022

 

 

2021

 

Operating lease costs

 

$

983

 

 

$

 

Variable lease costs

 

 

144

 

 

 

 

Short-term lease costs

 

 

728

 

 

 

396

 

Total lease costs

 

$

1,855

 

 

$

396

 

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 December 31,
2022

 

2023

 

$

2,137

 

2024

 

 

2,201

 

2025

 

 

2,267

 

2026

 

 

2,335

 

2027

 

 

2,405

 

Total undiscounted lease payments

 

 

11,345

 

Less: lease incentives

 

 

(530

)

Less: imputed interest

 

 

(2,020

)

Total lease liabilities

 

 

8,795

 

Less: current lease liabilities

 

 

(2,137

)

Lease liabilities, net of current portion

 

$

6,658