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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Lessee Disclosure [Abstract]  
Summary of Maturities of The Operating Lease Liabilities

The following table presents the remaining cash flows of the Company’s operating lease liabilities as of June 30, 2022 (in thousands):

 

 

 

Operating Leases

 

2022 (remaining six months)

 

$

129

 

2023

 

 

4

 

Total undiscounted lease payments

 

$

133

 

Less: imputed interest

 

 

(2

)

Total lease liabilities

 

$

131

 

Summary of Supplemental Cash Flow Information Related To Leases

The following table presents supplemental cash flow information related to leases (in thousands):

 

 

 

Three Months
Ended June 30,
2022

 

 

Six Months
Ended June 30,
2022

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

   Operating cash flows from operating leases

 

$

178

 

 

$

356

 

 

Summary of weighted average remaining lease term and interest rate

The following table presents the weighted average remaining lease term and interest rate as of June 30, 2022:

 

 

 

 

 

Operating Leases

 

Weighted average remaining lease term (in years)

 

 

 

0.2

 

Weighted average discount rate

 

 

 

 

8.6

%

On July 28, 2022, the Company renewed the lease agreement for its corporate headquarters in Sunnyvale, CA to extend the lease for an additional one-year term. Either party may terminate the agreement at anytime by providing a six month notice.

Summary of Future Minimum Rental Payments For Operating Leases

The following table presents the future minimum lease commitments under the Company’s operating leases as of December 31, 2021, as previously disclosed (in thousands):

 

 

 

Operating
Leases

 

 

Lease
Termination
Agreement

 

2022

 

$

459

 

 

$

293

 

2023

 

 

4

 

 

 

49

 

Total minimum payments

 

$

463

 

 

$

342