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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Supplemental Cash Flow Information Relating to Leases

The following table summarizes supplemental cash flow information (in thousands):

 

 

Nine Months Ended
September 30, 2022

 

Cash paid for amounts included in measurement of lease liabilities:

 

 

 

Operating cash flows from operating leases

 

$

456

 

ROU asset obtained in exchange for an operating lease liability

 

$

4,931

 

Summarizes of future minimum lease payments

The following table summarizes the Company’s future minimum lease payments and reconciliation of lease liabilities (in thousands):

 

 

September 30, 2022

 

Remainder of 2022 (1)

 

$

(196

)

2023

 

 

1,881

 

2024

 

 

1,738

 

2025

 

 

1,461

 

2026

 

 

872

 

Total future minimum lease payments

 

 

5,756

 

Less: imputed interest

 

 

(1,068

)

Total lease liabilities at present value

 

$

4,688

 

Lease liabilities, current

 

$

696

 

Lease liabilities, non-current

 

$

3,992

 

(1)
The Company's negative future lease payments for the remainder of 2022 represent a net cash inflow, which includes required lease payments in the fourth quarter and $0.3 million to be reimbursed by the lessor for improvements made to the newly leased office space pursuant the terms of the August 2022 lease.
Summarizes Lease Term and Discount Rate

The following table summarizes lease term and discount rate:

 

 

September 30, 2022

 

Weighted-average remaining lease term (in years)

 

 

3.4

 

Weighted-average discount rate

 

 

10.7

%