Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2023
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 lease liabilities as of June 30, 2023 (in thousands):

 

 

Operating

 

Six Months ending December 31, 2023

 

$

2,034

 

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

 

 

29,743

 

Less imputed interest

 

 

(7,856

)

Total lease liability

 

$

21,887

 

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 leases as well as weighted average information for these leases as of June 30, 2023 (in thousands):

 

 

Six Months Ended June 30, 2023

 

Lease cost:

 

 

 

Operating lease cost

 

$

1,544

 

Cash paid for amounts included in the measurement of liabilities:

 

 

 

Operating cash flows from operating lease

 

$

2,014

 

 

 

 

Other information:

 

Six Months Ended June 30, 2023

 

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

 

 

6.67

 

Weighted-average discount rate - operating lease

 

 

9.30