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Commitments and Contingencies (Tables)

6 Months Ended

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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Schedule of lease amount reported in balance sheet.

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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

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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

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