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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2022
Commitments and Contingencies.  
Schedule of lease cost

Amounts reported in the consolidated balance sheets for leases where the Company is the lessee as of September 30, 2022 were as follows, in thousands:

As of September 30,

2022

Assets

Operating lease assets

$

691

Total operating lease assets

$

691

Liabilities

Current

Operating lease liabilities

$

114

Noncurrent

Operating lease liabilities, net of current

603

Total operating lease liabilities

$

717

The following table summarizes operating lease costs for the three and nine months ended September 30, 2022:

Three Months Ended

Nine Months Ended

September 30, 2022

September 30, 2022

Operating lease costs

$

50

$

149

Variable lease costs

Total lease costs

$

50

$

149

The following table summarizes the lease term and discount rate as of September 30, 2022:

As of September 30,

2022

Weighted-average remaining lease term (years)

Operating leases

5.5

Weighted-average discount rate

Operating leases

8.1%

The following table summarizes cash paid for amounts included in the measurement of the Company’s operating lease liabilities for the three and nine months ended September 30, 2022:

Amounts

Nine Months Ended September 30, 2022

(in thousands)

Operating cash flows used for operating leases

$

123

Schedule of minimum lease commitments

For the Years Ended December 31,

    

Operating Leases

2022 (remaining)

$

41

2023

 

166

2024

 

167

2025

169

Thereafter

341

Total undiscounted lease payments

$

884

Less: Imputed interest

(167)

Present value of operating lease liabilities

$

717