Operating Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of Components of Lease Cost

The components of lease expense were as follows (in thousands, except years and rate):

	Three Months Ended March 31, 2022
Operating lease cost	$	807
Short-term lease cost		141
Total lease cost	$	948
Weighted average remaining term (years)		3.57
Weighted average discount rate		2.92	%

Summary of Supplemental Cash Flow Information

Supplemental cash flow information related to operating leases is as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Right-of-use assets obtained in exchange for new operating lease liabilities	$	500		-
Cash paid for operating lease liabilities	$	269		-

Schedule of Operating Lease, Liability, Maturity

Future minimum lease payments under non-cancellable operating leases with initial lease terms in excess of one year included in the Company’s lease liabilities as of March 31, 2022 are as follows (in thousands):

Year ending December 31:
Remainder of 2022	$	2,775
2023		3,943
2024		3,914
2025		3,127
2026 and thereafter		400
Total undiscounted operating lease payments	$	14,159
Less: imputed interest		(732	)
Total operating lease liabilities	$	13,427

Future minimum payments under non-cancellable operating leases consisted of the following as of December 31, 2021 (in thousands):

Year ending December 31:
2022	$	2,767
2023		3,883
2024		3,988
2025		3,207
2026 and thereafter		463
Total minimum lease payments	$	14,308

For the three months ended March 31, 2021, rent expense was $1.1 million.