Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

Note 5. Leases

In May 2021, the Company entered into an operating lease agreement for its principal office in Menlo Park, California. In September 2021, the lease was amended to extend the term to expire in August 2022. Under the lease agreement, the Company has one 12-month renewal option through August 2023.

The Company has not entered into any finance lease agreements as of June 30, 2022.

The following table summarizes maturities of lease liabilities and the reconciliation of lease liabilities as of June 30, 2022 (in thousands):

	Operating Leases
2022 (remaining six months)	$	13
2023 and thereafter		—
Total future undiscounted lease payments		13
Less: Imputed interest		—
Total Lease Liabilities	$	13

The following table summarizes total lease expense during the three and six months ended June 30, 2022 (in thousands):

	Condensed Statements of Operations and Comprehensive Loss Classification	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Operating lease expense	Operating expenses	$	19	$	38
Short-term lease expense	Operating expenses		18		36
Total lease expense		$	37	$	74

Rent expense was insignificant during the three and six months ended June 30, 2021.

The Company paid $0.02 million and $0.04 million in operating cash flows from operating leases for amounts included in the measurement of liabilities during the three and six months ended June 30, 2022, respectively.

As of June 30, 2022, the weighted-average remaining lease and discount rate term for operating leases was 0.17 years and 8.0%, respectively.