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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Lessee Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense included in the Company’s consolidated statements of operations include (in thousands):

 

 

Years ended December 31,

 

 

 

2022

 

 

2021

 

Operating lease expense

 

$

1,043

 

 

$

1,043

 

Variable lease expense

 

 

460

 

 

 

512

 

Total lease expense, net

 

$

1,503

 

 

$

1,555

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and weighted average discount rate for operating leases as of December 31, 2022 were as follows:

 

 

Years ended December 31,

 

 

 

2022

 

 

2021

 

Weighted average remaining lease term (in years)

 

 

2.5

 

 

 

3.5

 

Weighted average discount rate percentage

 

 

3.50

%

 

 

3.50

%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):

 

 

Years ended December 31,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of operating leases

 

$

1,555

 

 

$

1,374

 

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2022 were as follows (in thousands):

Years ending December 31:

 

Operating
lease

 

2023

 

$

1,636

 

2024

 

 

1,685

 

2025

 

 

845

 

Thereafter

 

 

 

Total future lease payments

 

 

4,166

 

Less imputed interest

 

 

(184

)

Total operating lease liabilities

 

$

3,982