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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Future minimum annual lease payments

Future minimum annual lease payments for all operating leases of the Company are as follows as of June 30, 2023 (in thousands):


Remainder of 2023		$	2,534
2024			5,125
2025			5,112
2026			5,148
2027			5,137
Thereafter			13,084
Total undiscounted lease payments			36,140
Less: imputed interest			(6,029	)
Operating lease liabilities			30,111
Less: current portion of operating lease liabilities			(4,824	)
Operating lease liabilities, less current portion		$	25,287

Summary of Weighted-Average Remaining Lease Term and Discount Rate

The Company’s weighted average remaining lease term and weighted average discount rate as of June 30, 2023 and December 31, 2022 are as follows:


		June 30, 2023				December 31, 2022
Weighted-average remaining lease term (years)			7.0				7.7
Weighted-average discount rate			5.5	%			5.5	%

Summary of Operating Leases

Information related to the Company’s operating leases is as follows (in thousands):


		Three Months Ended June 30,								Six Months Ended June 30,
		2023				2022				2023				2022
Rent expense		$	1,315			$	1,091			$	2,559			$	2,247
Cash paid for amounts included in measurement of lease liabilities		$	1,263			$	1,129			$	2,450			$	2,151