Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease, Cost
The components of lease costs for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands):
  Three Months Ended
June 30,		 Six Months Ended
June 30,
  2022 2021 2022 2021
Operating lease cost $ 335  $ 348  $ 664  $ 696 
Variable lease cost 80  58  154  115 
Total lease cost $ 415  $ 406  $ 818  $ 811 
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
  Six Months Ended
June 30,
2022 2021
Cash paid for amounts included in the measurement of lease liabilities and right of use assets:    
Operating cash flow from operating leases $ 523  $ 720 
 
Right of use assets obtained in exchange for lease obligations:
Operating leases $ 18  $ 288 
Increases to right of use assets resulting from lease modifications:
Operating leases $ 1,050  $ — 
Weighted average remaining lease terms and discount rates for the Company’s operating leases are as follows:
  As of June 30,
  2022 2021
 
 
Years
Years
Weighted average remaining lease term: 7.1 6.5
  Rate Rate
Weighted average discount rate: 7.1% 7.7%
Lessee, Operating Lease, Liability, Maturity
Future maturities of lease liabilities as of June 30, 2022 are as follows (in thousands):
 
Operating
Leases
2022 $ 596 
2023 1,159 
2024 1,064 
2025 1,033 
2026 998 
2027 and thereafter
 2,841 
Total undiscounted lease payments 7,691 
Less: Imputed interest (2,494)
Total lease liabilities $ 5,197