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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract] |
Summary of Components of Lease Cost | The components of lease cost for the three and six months ended June 30, 2023, and 2022, are as follows:
|  | Three Months Ended June 30, | Six Months Ended June 30, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 596 |  |  | $ | 530 |  |  | $ | 1,193 |  |  | $ | 1,042 |
Variable lease cost |  |  | 311 |  |  |  | 198 |  |  |  | 630 |  |  |  | 395 |
Total lease cost |  | $ | 907 |  |  | $ | 728 |  |  | $ | 1,823 |  |  | $ | 1,437 |
Schedule of Amounts Reported in Consolidated Balance Sheets for Leases | Amounts reported in the balance sheet for leases where the Company is the lessee as of June 30, 2023, and December 31, 2022, are as follows:
Operating Leases (in thousands, except lease term and discount rate data): |  | June 30, 2023 |  |  | December 31, 2022 |
Right-of-use assets, operating leases |  | $ | 8,729 |  |  | $ | 9,539 |
Operating lease liabilities, current |  | $ | 18 |  |  | $ | 528 |
Operating lease liabilities, non-current |  |  | 12,960 |  |  |  | 13,448 |
Total operating lease liabilities |  | $ | 12,978 |  |  | $ | 13,976 |
Weighted-average remaining lease term (years) |  |  | 8.90 |  |  |  | 9.08 |
Weighted-average discount rate |  |  | 5.75 | % |  |  | 5.75 | %
Summary of Other Information Related to Leases | Other information related to leases for the six months ended June 30, 2023 and 2022, respectively, as follows:
|  | Six Months Ended June 30, |
(in thousands) |  | 2023 |  |  | 2022 |
Net cash paid (received) for amounts included in the measurement of lease liabilities |  | $ | 1,382 |  |  | $ | (750 | )
Leased assets obtained in exchange for new or modified operating lease liabilities |  |  | 10 |  |  |  | — |
Schedule of Minimum Lease Payments, Net of Reimbursements, under Operating Leases | Future minimum lease payments, net of reimbursements, remaining as of June 30, 2023, under operating leases by fiscal year were as follows:
Fiscal year |  | (in thousands) |
2023 |  | $ | (175 | )
2024 |  |  | 1,814 |
2025 |  |  | 1,869 |
2026 |  |  | 1,925 |
2027 |  |  | 1,983 |
Thereafter |  |  | 9,494 |
Total minimum lease payments |  | $ | 16,910 |
Less: Amounts representing imputed interest |  |  | (3,932 | )
Present value of lease liabilities |  | $ | 12,978 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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