XML 67 R35.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables) - 399 Binney Street [Member]
12 Months Ended
Dec. 31, 2021
Operating Leased Assets [Line Items]  
Schedule of Operating Leases Presentation in Consolidated Balance Sheets

The following table summarizes the presentation of amounts recorded on the Company’s consolidated balance sheets for the operating lease at 399 Binney Street:

 

 

 

 

 

December 31,

 

 

 

Balance sheet location

 

2021

 

 

2020

 

Assets:

 

 

 

 

 

 

 

 

Operating lease assets

 

Operating lease assets

 

$

20,780

 

 

$

22,579

 

Liabilities:

 

 

 

 

 

 

 

 

Current operating lease
   liabilities

 

Operating lease liabilities

 

$

1,844

 

 

$

1,521

 

Non-current operating lease
   liabilities

 

Operating lease liabilities, net of current portion

 

 

21,056

 

 

 

22,901

 

 

 

Total lease liabilities

 

$

22,900

 

 

$

24,422

 

Summary of Operating Lease Presentation in Consolidated Statements of Operations and Comprehensive Loss

The following table summarizes the effect of lease costs for the Company’s operating lease at 399 Binney Street on Company’s consolidated statements of operations and comprehensive loss for the years ended December 31, 2021, 2020 and 2019:

 

 

 

 

 

Year Ended December 31,

 

 

 

Statement of operations location

 

2021

 

 

2020

 

 

2019

 

Operating lease costs

 

Research and development

 

$

3,262

 

 

$

3,273

 

 

$

3,216

 

 

 

General and administrative

 

846

 

 

748

 

 

 

581

 

 

 

Total operating lease cost

 

$

4,108

 

 

$

4,021

 

 

$

3,797

 

Summary of Future Minimum Lease Payments

The minimum lease payments for the Company’s operating lease at 399 Binney Street as of December 31, 2021 for the next five years and thereafter is expected to be as follows:

 

Year Ending December 31,

 

Amount

 

2022

 

 

4,134

 

2023

 

 

4,254

 

2024

 

 

4,377

 

2025

 

 

4,503

 

2026

 

 

4,634

 

Thereafter

 

 

11,325

 

Total lease payments

 

 

33,227

 

Less: interest

 

 

(10,327

)

Present value of operating lease liabilities

 

$

22,900