In February 2021, the Company assumed an operating lease in Encinitas, California for its office facilities, and in June 2021 the Company signed an amendment to add an additional term and additional suites in the office building in Encinitas, California. This

non-cancellable lease expires on June 30, 2026. In September 2021, the Company executed an operating lease which adds existing office space in its existing building in Encinitas, California. The non-cancellable lease also expires on June 30, 2026.

In May 2022, the Company entered into a lease agreement to add office space to its existing lease in Encinitas, California. The non-cancellable lease commenced on June 1, 2022 and expires on June 30, 2026. The Company recognized operating lease liabilities of approximately $0.5 million and corresponding operating lease right-of-use assets of approximately $0.5 million on the condensed consolidated balance sheet as of June 30, 2022. The office building leases do not contain renewal options.

In March 2021, the Company signed a three-year operating lease for a multi-function ventilated research laboratory and office space in Ghent, Belgium. The non-cancellable lease expires on June 30, 2024. This laboratory and office space lease includes two, two-year renewal options.

The Company's leases have remaining terms ranging between two years to four years. The leases contain various termination options. The Company's leases do not contain any residual value guarantees or material restrictive covenants.

The weighted average remaining lease term and discount rate for our operating leases were approximately 3.8 years and 9.0%, respectively, at June 30, 2022.

During the three and six months ended June 30, 2022, the Company recognized operating lease costs of $0.1 million and $0.2 million, respectively, and an immaterial amount of variable lease costs in both periods. In addition, the Company made cash payments of $0.2 million for operating leases during the six months ended June 30, 2022, which are included in cash flows from operating activities in the condensed consolidated statements of cash flows.

Supplemental cash flow information related to operating leases for the six months ended June 30, 2022 is as follows (in thousands):


	Six Months
	Ended
	June 30, 2022
Noncash activity:
Right-of-use assets obtained in exchange for operating lease liabilities in connection with adoption of new lease standard	$	1,384
Right-of-use assets obtained in exchange for operating lease liabilities	$	508

The Company's right-of-use assets and lease liabilities were as follows at June 30, 2022 (in thousands):


	June 30,
	2022
Assets
Operating lease right-of-use assets	$	1,733
Liabilities
Current portion of operating lease liabilities		386
Operating lease liabilities, net of current portion		1,359
Total lease liabilities	$	1,745

Future minimum payments under non-cancellable leases as of June 30, 2022 were as follows (in thousands):


Years ending December 31,
Remainder of 2022	$	261
2023		530
2024		516
2025		502
2026		255
Total future minimum lease payments		2,064
Less: imputed interest		(319	)
Present value of lease liabilities		1,745
Less: lease liabilities, current		(386	)
Lease liabilities, net of current portion	$	1,359