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Leases (Tables) | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Summary of Lease Costs | Operating and finance leases consist of the following (in thousands):
Lease Balance |  | Classification |  | September 30, 2022
Lease Assets |  |  |  |
Operating |  | Operating lease right-of-use assets |  | $ | 5,114 |
Finance |  | Property and equipment, net |  | $ | 1,696 |
Lease Liabilities |  |  |  |
Current |  |  |  |
Operating |  | Operating lease liabilities |  | $ | 1,009 |
Finance |  | Accrued and other current liabilities |  | $ | 730 |
Non-current |  |  |  |
Operating |  | Non-current operating lease liabilities |  | $ | 4,766 |
Finance |  | Other non-current liabilities |  | $ | 974 |
Costs associated with the Company's leases were included in the statements of operations as follows (in thousands):
Lease Cost |  | Three months ended September 30, 2022 |  | Nine months ended September 30, 2022
Operating leases |  |  |  |
Operating lease cost(1) |  | $ | 384 |  |  | $ | 1,156 |
Finance lease cost |  |  |  |
Amortization of lease assets |  | 174 |  |  | 487 |
Interest on finance lease liabilities |  | 20 |  |  | 60 |
Total lease cost |  | $ | 578 |  |  | $ | 1,703 |
(1) Includes variable lease cost of $41,000 and $124,000 for the three and nine months ended September 30, 2022, respectively. Supplemental cash flow information on leases is as follows (in thousands):
Cash paid for amounts included in the measurement of lease liabilities |  | Nine months ended September 30, 2022
Operating cash out flows from operating leases |  | $ | 907 |
Operating cash out flows from interest paid on finance leases |  | $ | 60 |
Financing cash out flows from finance leases |  | $ | 477 |
Information regarding the weighted-average lease term and weighted average discount rate are as follows:
|  | September 30, 2022
Weighted-average remaining lease term (years) |  |
Operating leases |  | 4.6
Finance leases |  | 2.29
Weighted-average discount rate |  |
Operating leases |  | 8.0 | %
Finance leases |  | 5.3 | %
Summary of Lessee, Operating Lease, Liability, Maturity | Future payments under operating and finance leases as of September 30, 2022 are as follows (in thousands):
|  | Operating Leases |  | Finance Leases
2022 (remaining) |  | $ | 356 |  |  | $ | 227 |
2023 |  | 1,446 |  |  | 827 |
2024 |  | 1,489 |  |  | 573 |
2025 |  | 1,533 |  |  | 247 |
2026 |  | 1,584 |  |  | 127 |
Thereafter |  | 539 |  |  | 28 |
Total minimum lease payments |  | 6,947 |  |  | 2,029 |
Less: imputed interest |  | (1,172) |  |  | (325) |
Total lease liabilities |  | 5,775 |  |  | 1,704 |
Less: current portion |  | (1,009) |  |  | (730) |
Lease obligations, net of current portion |  | $ | 4,766 |  |  | $ | 974 |
Summary of Finance Lease, Liability, Maturity | Future payments under operating and finance leases as of September 30, 2022 are as follows (in thousands):
|  | Operating Leases |  | Finance Leases
2022 (remaining) |  | $ | 356 |  |  | $ | 227 |
2023 |  | 1,446 |  |  | 827 |
2024 |  | 1,489 |  |  | 573 |
2025 |  | 1,533 |  |  | 247 |
2026 |  | 1,584 |  |  | 127 |
Thereafter |  | 539 |  |  | 28 |
Total minimum lease payments |  | 6,947 |  |  | 2,029 |
Less: imputed interest |  | (1,172) |  |  | (325) |
Total lease liabilities |  | 5,775 |  |  | 1,704 |
Less: current portion |  | (1,009) |  |  | (730) |
Lease obligations, net of current portion |  | $ | 4,766 |  |  | $ | 974 |
Schedule of Future Minimum Rental Payments for Operating Leases | Minimum annual lease payments under non-cancelable operating lease arrangements as of 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 |

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- 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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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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 https://asc.fasb.org/extlink&oid=123406913&loc=d3e41502-112717 + Details
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