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Leases (Tables)

9 Months Ended

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

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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&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

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-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

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