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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,
20222021
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 liabilities2,495 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,
20222021
Operating lease cost$1,102 $1,412 
Variable lease costs37 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,
20222021
Weighted average remaining lease term (in years)3.14.1
Weighted average incremental borrowing rate9.0 %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 
20241,296 
20251,321 
2026110 
Total future lease payments$3,997 
Less: interest(497)
Present value of operating lease liabilities$3,500