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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Components of Lease Expenses

The components of lease expenses for the three months ended March 31, 2023 and 2022 were as follow (In thousands):

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

 

March 31, 2023

 

 

March 31, 2022

 

 

Operating lease cost

 

$

356

 

 

$

273

 

 

Summary of Supplemental Unaudited Condensed Consolidated Balance Sheet Information Related to Operating Leases

Supplemental unaudited condensed consolidated balance sheet information related to operating leases was as follows:

 

 

Three Months Ended

 

 

 

Three Months Ended

 

 

 

March 31, 2023

 

 

 

March 31, 2022

 

Weighted-average remaining lease term - operating leases

 

5.6 years

 

 

 

8.5 years

 

Weighted-average discount rate - operating leases

 

 

N/A%

 

 

 

 

8

%

Maturity of Lease Liabilities under Non-cancellable Operating Leases

Maturity of lease liabilities under our non-cancellable operating leases as of March 31, 2023 are as follow (In thousands):

Fiscal Year

 

Operating leases

 

2023 (remaining)

 

$

963

 

2024

 

 

932

 

2025

 

 

770

 

2026

 

 

509

 

2027

 

 

357

 

2028

 

 

357

 

Thereafter

 

 

760

 

Total future minimum lease payments

 

 

4,648

 

Less: imputed interest

 

 

(919

)

Present value of lease liabilities

 

$

3,729