Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Lease Expense and Supplemental Information
The following table summarizes the components of lease expense, which are included in operating expenses in the Company’s condensed statements of operations and comprehensive loss (in thousands):
Three Months Ended March 31, 2022
Operating lease expense $ 673 
Variable lease expense 175 
Total lease expense $ 848 
The following table summarizes supplemental information related to leases:
Three Months Ended March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (in thousands) $ 609
Weighted-average remaining lease term (years)
Operating leases 6.8
Weighted-average discount rate
Operating leases 5.3  %
Summary of Lease Liability Maturities
The following table summarizes the maturities of lease liabilities as of March 31, 2022 (in thousands):
2022 (9 months remaining)
$ 1,826 
2023 2,254 
2024 2,137 
2025 1,915 
2026 1,773 
Thereafter 4,872 
Total future minimum lease payments 14,777 
Less: Imputed interest (3,096)
Present value of future minimum lease payments 11,681 
Less: Current portion of operating lease liability (1,112)
Long-term operating lease liability $ 10,569