Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.4
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Reconciliation of Maturity Analysis of Annual Undiscounted Cash Flows

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating and financing lease liabilities as of December 31, 2022 (in thousands):

 

 

 

Operating

 

 

Financing

 

Year ending December 31, 2023

 

$

4,049

 

 

$

66

 

Year ending December 31, 2024

 

 

4,166

 

 

 

 

Year ending December 31, 2025

 

 

4,287

 

 

 

 

Year ending December 31, 2026

 

 

4,412

 

 

 

 

Year ending December 31, 2027 and beyond

 

 

14,844

 

 

 

 

Total minimum lease payments

 

 

31,758

 

 

 

66

 

Less imputed interest

 

 

(8,901

)

 

 

(1

)

Total lease liability

 

$

22,857

 

 

$

65

 

Schedule of Total Lease Cost for Operating and Financing Leases as well as Weighted Average Information for Leases

The following table outlines the total lease cost for the Company’s operating and financing leases as well as weighted average information for these leases as of December 31, 2022 (in thousands):

 

 

 

Year Ended December 31, 2022

 

Lease cost:

 

 

 

Operating lease cost

 

$

3,088

 

Financing lease cost:

 

 

 

Amortization of right-of-use asset

 

$

261

 

Interest on lease liabilities

 

 

21

 

Total financing lease cost

 

$

282

 

Cash paid for amounts included in the measurement of liabilities:

 

 

 

Operating cash flows from operating lease

 

$

3,935

 

Operating cash flows from financing lease

 

$

312

 

 

 

 

 

Other information:

 

Year Ended December 31, 2022

 

Weighted-average remaining lease term (in years) - operating lease

 

 

7.17

 

Weighted-average discount rate - operating lease

 

 

9.30

 

Weighted-average remaining lease term (in years) - financing lease

 

 

0.38

 

Weighted-average discount rate - financing lease

 

 

9.47