Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Supplemental Cash Flow Information Relating to Leases

The following table summarizes supplemental cash flow information for 2022 (in thousands):

	Year Ended December 31, 2022
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases(1)	$	260
ROU asset obtained in exchange for an operating lease liability	$	4,931

Operating cash flows from operating leases includes cash inflow of $0.3 million reimbursed by the lessor for improvements made to the newly leased office space pursuant to the terms of the Suite 1350 lease.

Summarizes Lease Term and Discount Rate

The following table summarizes the weighted-average lease term and discount rate as of December 31, 2022:

	December 31, 2022
Weighted-average remaining lease term (in years)	3.2
Weighted-average discount rate		10.8	%

Summarizes of future minimum lease payments

The following table summarizes the Company’s future minimum lease payments under the new lease accounting standard as of December 31, 2022 (in thousands):

	December 31, 2022
2023	$	1,881
2024		1,738
2025		1,461
2026		872
Total future minimum lease payments		5,952
Less: imputed interest		(941	)
Total lease liabilities at present value	$	5,011

The following table summarizes the Company’s future minimum lease payments under the prior lease accounting standard as of December 31, 2021 (in thousands):

Years Ending December 31,	(in thousands)
2023	$	608
2024		618
2025		313
	$	1,539