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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Operating Lease Costs Recognized under ASC 842 and Supplemental Cash Flow Information for Leases The following table contains a summary of the operating lease costs recognized under ASC 842 and supplemental cash flow information for 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

 

Fixed lease expense

 

$

61

 

 

$

61

 

 

$

122

 

 

$

122

 

Total lease cost

 

$

61

 

 

$

61

 

 

$

122

 

 

$

122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

64

 

 

$

64

 

 

$

128

 

 

$

128

 

Summary Balance Sheet Classification of Operating Leases and Weighted Average Remaining Lease Term and Discount Rate

The following table summarizes the balance sheet classification of the Company’s operating leases, amounts of ROU assets and lease liabilities, the weighted average remaining lease term, and the weighted average discount rate for the Company’s operating leases:

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Lease assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

240

 

 

$

356

 

Total lease assets

 

$

240

 

 

$

356

 

 

 

 

 

 

 

 

Lease liabilities

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease liabilities

 

$

252

 

 

$

248

 

Non-current:

 

 

 

 

 

 

Operating lease liabilities

 

 

 

 

 

127

 

Total lease liabilities

 

$

252

 

 

$

375

 

 

 

 

 

 

 

 

Weighted-average remaining lease term — operating leases (years)

 

 

1.00

 

 

 

1.50

 

Weighted-average discount rate — operating leases

 

 

3.75

%

 

 

3.75

%

Summary of Payments by Date for Operating Lease

The following table summarizes the payments by date for the Company’s operating lease, which is then reconciled to our total lease obligation, as of June 30, 2022:

2022 (remaining six months)

 

$

128

 

2023

 

 

128

 

Total lease payments

 

 

256

 

Less: Interest

 

 

(4

)

Present value of lease liabilities

 

$

252