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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Lease Costs

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s leases for the three months ended March 31, 2022 and 2021 (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

Lease Cost

 

 

 

 

 

 

Amortization of finance right-of-use assets

 

$

 

 

$

8

 

Operating lease costs

 

 

154

 

 

 

87

 

Variable lease costs

 

 

176

 

 

 

66

 

Short-term lease costs

 

 

2

 

 

 

 

Total lease costs

 

$

332

 

 

$

161

 

 

Cash paid for amounts included in the measurement of lease liability—finance leases

 

$

 

$

9

 

Cash paid for amounts included in the measurement of lease liability—operating leases

 

$

153

 

$

88

 

Weighted-average remaining lease term—finance leases (years)

 

 

 

 

0.17

 

Weighted-average remaining lease term—operating leases (years)

 

 

1.33

 

 

2.33

 

Weighted-average discount rate—finance leases

 

 

 

 

7.94

%

Weighted-average discount rate—operating leases

 

 

3.51

%

 

3.51

%

 

 

Summary of Future Minimum Commitments of Operating Lease Liabilities

The following table reconciles the future minimum commitments to the Company’s operating lease liabilities at March 31, 2022 (in thousands):

 

 

 

Operating lease payments as of
March 31, 2022

 

2022

 

$

473

 

2023

 

 

377

 

Thereafter

 

 

 

Total lease payments

 

 

850

 

Less: interest

 

 

(20

)

Total operating lease liabilities at March 31, 2022

 

 

830

 

Less: current portion of lease liabilities

 

 

624

 

Lease liabilities, net of current portion

 

$

206