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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Cost

The following table summarizes the lease costs recognized under ASC 842 and other information pertaining to the Company's operating leases for the year ended December 31, 2022 (in thousands):

 

 

For the Year Ended December 31, 2022

 

 

 

 

Operating lease cost

$

2,873

 

Variable lease cost

 

452

 

Total lease cost

$

3,325

 

Schedule of Supplemental Information Related to Remaining Lease Term and Discount Rate

Supplemental information related to the remaining lease term and discount rate are as follows:

 

 

 

December 31, 2022

 

Weighted average remaining lease term (in years) - Finance leases

 

 

3.88

 

Weighted average remaining lease term (in years) - Operating leases

 

 

11.45

 

 

 

 

 

Weighted average discount rate - Finance leases

 

 

10.51

%

Weighted average discount rate - Operating leases

 

 

7.72

%

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to the Company's operating leases are as follows (in thousands):

 

 

For the year ended December 31, 2022

 

Operating cash flows for operating leases

$

2,486

 

Schedule of Future Minimum Commitments Under Company's Operating and Finance Leases

As of December 31, 2022, future minimum commitments under ASC 842 under the Company's operating and finance leases were as follows (in thousands):

 

Year Ending December 31,

Operating

 

Finance

 

2023

$

2,819

 

$

454

 

2024

 

2,918

 

 

454

 

2025

 

3,021

 

 

454

 

2026

 

2,485

 

 

325

 

2027

 

2,577

 

 

73

 

Thereafter

 

19,721

 

 

 

Total lease payments

 

33,541

 

 

1,760

 

Less: imputed interest

 

(11,900

)

 

(308

)

Total lease liabilities

$

21,641

 

$

1,452

 

Lease liabilities, current

 

1,201

 

 

320

 

Lease liabilities, non-current

 

20,440

 

 

1,132

 

Total lease liabilities

$

21,641

 

$

1,452

 

Schedule of Aggregate Lease Commitments

The following table summarizes aggregate lease commitments as of December 31, 2021 (in thousands) under ASC 840:

 

Year Ending December 31,

 

 

 

2022

 

$

4,848

 

2023

 

 

4,201

 

2024

 

 

4,301

 

2025

 

 

4,372

 

2026

 

 

3,868

 

Thereafter

 

 

30,563

 

Total Lease Commitments

 

$

52,153