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Leases (Tables)
6 Months Ended
Jun. 30, 2023
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 three and six months ended June 30, 2023 and 2022 (in thousands):

 

 

Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

2023

 

2022

 

 

2023

 

 

2022

 

Operating lease cost

$

708

 

$

535

 

 

$

1,360

 

 

$

1,108

 

Variable lease cost

 

243

 

 

194

 

 

 

486

 

 

 

387

 

Total lease cost

$

951

 

$

729

 

 

$

1,846

 

 

$

1,495

 

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:

 

 

 

June 30, 2023

 

December 31, 2022

 

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

 

 

3.38

 

 

3.88

 

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

 

 

11.07

 

 

11.45

 

 

 

 

 

 

 

Weighted average discount rate - Finance leases

 

 

10.52

%

 

10.51

%

Weighted average discount rate - Operating leases

 

 

7.75

%

 

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 Six Months Ended June 30,

 

 

2023

 

 

2022

 

Operating cash flows for operating leases

$

1,631

 

 

$

726

 

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

As of June 30, 2023, 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

$

1,425

 

$

227

 

2024

 

2,918

 

 

454

 

2025

 

3,021

 

 

454

 

2026

 

2,485

 

 

399

 

2027

 

2,577

 

 

 

Thereafter

 

19,721

 

 

 

Total lease payments

 

32,147

 

 

1,534

 

Less: imputed interest

 

(11,318

)

 

(273

)

Total lease liabilities

$

20,829

 

$

1,261

 

Lease liabilities, current

 

1,301

 

 

337

 

Lease liabilities, non-current

 

19,528

 

 

924

 

Total lease liabilities

$

20,829

 

$

1,261