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Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of Lease Costs

Operating and finance leases consist of the following (in thousands):

Lease Balance

Classification

March 31, 2022

Lease Assets

Operating

Operating lease right-of-use assets

$

5,633

Finance

Property and equipment, net

$

1,370

Lease Liabilities

Current

Operating

Operating lease liabilities

$

949

Finance

Accrued and other current liabilities

$

592

Non-current

Operating

Non-current operating lease liabilities

$

5,284

Finance

Other non-current liabilities

$

744

Costs associated with the Company's leases were included in the statements of operations as follows (in thousands):

Lease Cost						Three months ended March 31, 2022
Operating leases
Operating lease cost(1)						$	389
Finance lease cost
Amortization of lease assets						158
Interest on finance lease liabilities						19
Total lease cost						$	566

(1) Includes variable lease cost of $42,000 for the three months ended March 31, 2022.

Supplemental cash flow information on leases is as follows (in thousands):

Cash paid for amounts included in the measurement of lease liabilities						Three months ended March 31, 2022
Operating cash out flows from operating leases						$	282
Operating cash out flows from interest paid on finance leases						$	19
Financing cash out flows from finance leases						$	146

Information regarding the weighted-average lease term and weighted average discount rate are as follows:

						March 31, 2022
Weighted-average remaining lease term (years)
Operating leases						5.1
Finance leases						2.5
Weighted-average discount rate
Operating leases						8.0		%
Finance leases						5.4		%

Summary of Lessee, Operating Lease, Liability, Maturity

Future payments under operating and finance leases as of March 31, 2022 are as follows (in thousands):

						Operating Leases						Finance Leases
2022 (remaining)						$	1,055					$	488
2023						1,446						566
2024						1,489						313
2025						1,533						66
2026						1,584						—
Thereafter						539						—
Total minimum lease payments						7,646						1,433
Less: imputed interest						(1,413)						(97)
Total lease liabilities						6,233						1,336
Less: current portion						(949)						(592)
Lease obligations, net of current portion						$	5,284					$	744

Summary of Finance Lease, Liability, Maturity

Future payments under operating and finance leases as of March 31, 2022 are as follows (in thousands):

						Operating Leases						Finance Leases
2022 (remaining)						$	1,055					$	488
2023						1,446						566
2024						1,489						313
2025						1,533						66
2026						1,584						—
Thereafter						539						—
Total minimum lease payments						7,646						1,433
Less: imputed interest						(1,413)						(97)
Total lease liabilities						6,233						1,336
Less: current portion						(949)						(592)
Lease obligations, net of current portion						$	5,284					$	744

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum annual lease payments under non-cancelable operating lease arrangements at December 31, 2021 are as follows (in thousands):

Years Ending December 31,						Operating Leases
2022						$	1,337
2023						1,445
2024						1,489
2025						1,533
2026						1,584
Thereafter						539
Total minimum lease payments						$	7,927

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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 http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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- 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 http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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- 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 http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123406913&loc=d3e41502-112717

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