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Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

7. Leases

The Company has historically entered into lease arrangements for its facilities. As of June 30, 2022, the Company had four operating leases with required future minimum payments. The Company’s leases generally do not include termination or purchase options.

Operating Leases

The following tables contain a summary of 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, 2022 and 2021:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

Lease Costs

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease costs

 

$

615

 

 

$

424

 

 

$

1,231

 

 

$

843

 

Short-term lease costs

 

 

8

 

 

 

2

 

 

 

16

 

 

 

5

 

Variable lease costs

 

 

33

 

 

 

54

 

 

 

100

 

 

 

110

 

Total lease costs

 

$

656

 

 

$

480

 

 

$

1,347

 

 

$

958

 

 

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands, except as specified otherwise)

 

Other Operating Lease Information

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

802

 

 

$

605

 

Right-of-use assets obtained in exchange for new operating lease liability

 

$

56

 

 

$

705

 

Weighted-average remaining lease term (in years)

 

 

2.91

 

 

 

3.90

 

Weighted-average discount rate

 

 

4.0

%

 

 

4.6

%