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Right of use of assets | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Right of use assets | Right of use of assets New York, NY In August 2022, the Company entered into a twelve month membership agreement with WeWork for rentable office space. The membership is cancellable with 90 days’ notice. This agreement is accounted for as a short-term lease as the Company is not reasonably certain to extend the lease beyond twelve months and is therefore not recognized on the Company’s condensed consolidated balance sheets. Soho, London, UK In July 2021, the Company entered into a two-year operating lease with Fora Space Limited commencing on September 1, 2021. The noncancellable term is 24 months and there is no option to extend the lease. The recurring residency fee per month is £136,200, and the Company paid a refundable deposit of £136,200 at the execution of the agreement. Additionally, at the start of each calendar year, the monthly residency fee is subject to an automatic inflation linked increase of the previous year’s amount. Denmark Hill, London, UK In March 2022, the Company entered into an agreement for a lease with South London and Maudsley NHS Foundation Trust for land and buildings at 5 Windsor Walk, Maudsley Hospital, Denmark Hill, London, UK. The lease commenced on June 21, 2022 and has a contractual term of five years. The rent is £180,000 per year, with no deposit payable, and payment dates occurring once per quarter. The following table summarizes the Company’s costs included in its condensed consolidated statements of operations and comprehensive loss related to right of use lease assets we have entered into through March 31, 2023 (in thousands):
| Three Months Ended March 31,
| 2023 |  | 2022
Lease cost |  |  |
Operating lease cost | $ | 573 |  | $ | 560 |
Short-term lease cost | 87 |  | 86 |
| $ | 660 |  | $ | 646 |
Other information: |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows used in operating leases | $ | 562 |  | $ | 578 |
Right of use assets obtained in exchange for new operating lease liabilities | 102 |  | — |
Weighted average remaining lease term (in years) | 1.6 |  | 0.9
Weighted average discount rate | 6.01 | % |  | 4.67 | %
The following table summarizes the future minimum lease payments due under operating leases as of March 31, 2023, (in thousands):
December 31, 2023 | 1,058 |
December 31, 2024 | 271 |
December 31, 2025 | 223 |
December 31, 2026 | 55 |
Total future minimum lease payments | $ | 1,607 |
Less: imputed interest | (83) |
Total | $ | 1,524 |

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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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