XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.22.4

Commitment and Contingencies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract] |
Operating Lease, Consolidated Balance Sheets | The following table summarizes the presentation of the operating leases in the Company’s consolidated balance sheets (in thousands):
| As of December 31,
| 2022 |  | 2021
Assets: |  |  |
Operating lease right-of-use assets | $ | 2,901 |  |  | $ | 3,653 |
Liabilities: |  |  |
Current operating lease liabilities | $ | 1,005 |  |  | $ | 810 |
Non-current portion of operating lease liabilities | 2,495 |  |  | 3,501 |
Total lease liabilities | $ | 3,500 |  |  | $ | 4,311 |
Lease cost | The following table summarizes total lease costs recognized in the Company’s consolidated statements of operations (in thousands):
| For the year ended December 31,
| 2022 |  | 2021
Operating lease cost | $ | 1,102 |  |  | $ | 1,412 |
Variable lease costs | 37 |  |  | 34 |
Total lease costs | $ | 1,139 |  |  | $ | 1,446 |
The weighted average remaining lease term and weighted average incremental borrowing rate of the Company’s operating lease were as follows:
| As of December 31,
| 2022 |  | 2021
Weighted average remaining lease term (in years) | 3.1 |  | 4.1
Weighted average incremental borrowing rate | 9.0 | % |  | 9.0 | %
Lessee, Operating Lease, Liability, Maturity | Future lease payments under non-cancelable lease agreements as of December 31, 2022 were as follows (in thousands):
Year Ended December 31, | Future Lease Payments
2023 | $ | 1,270 |
2024 | 1,296 |
2025 | 1,321 |
2026 | 110 |
Total future lease payments | $ | 3,997 |
Less: interest | (497) |
Present value of operating lease liabilities | $ | 3,500 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | prax_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | prax_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration