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Lease Obligations | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Lease Obligations | Lease Obligations The Company leases certain assets under operating leases, which primarily consisted of real estate leases, laboratory equipment leases and office equipment leases as of June 30, 2022. Renewal options for the Company's leases range from 1 to 5 years in length and begin from 2023 through 2026. Aggregate lease expense under operating leases was as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Aggregate lease expense |  | $ | 626 |  |  | $ | 461 |  |  | $ | 1,220 |  |  | $ | 913 |
Other supplemental information related to leases was as follows:
|  | As of June 30, 2022 |  | As of December 31, 2021
Weighted average remaining lease term |  | 8.5 years |  | 9.2 years
Weighted average discount rate |  | 10.9% |  | 11.2%
All of the Company’s leases qualify as operating leases. The following table summarizes the presentation in the consolidated balance sheets of the Company’s operating leases:
| Balance Sheet Location |  | As of June 30, 2022 |  | As of December 31, 2021
Assets: |  |  |  |  |
Operating lease assets, net | Other Assets |  | $ | 6,983 |  |  | $ | 6,472 |
Liabilities: |  |  |  |  |
Current operating lease liabilities | Lease financing obligation – current liabilities |  | $ | 2,134 |  |  | $ | 1,819 |
Non-current operating lease liabilities | Lease financing obligation – long-term liabilities |  | 6,198 |  |  | 5,962 |
Total operating lease liabilities |  |  | $ | 8,332 |  |  | $ | 7,781 |
Operating lease assets are recorded net of accumulated amortization of $3,440 and $2,626 as of June 30, 2022 and December 31, 2021, respectively. Cash paid for amounts included in the measurement of lease liabilities was $607 and $1,181 for the three and six months ended June 30, 2022, respectively, and $379 and $819 for the three and six months ended June 30, 2021, respectively. Maturities of operating lease liabilities as of June 30, 2022, are as follows (in thousands):
2022 (remaining) | $ | 1,265 |
2023 | 2,266 |
2024 | 1,717 |
2025 | 1,373 |
2026 | 617 |
Thereafter | 6,734 |
Total lease payments | 13,972 |
Less imputed interest | (5,640) |
Total | $ | 8,332 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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