Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 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 September 30, 2023 (in thousands):

 

 

Operating

 

 

 

 

 

Three Months ending December 31, 2023

 

$

1,027

 

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

 

 

28,736

 

Less imputed interest

 

 

(7,351

)

Total lease liability

 

$

21,385

 

 

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 September 30, 2023 (in thousands):

 

 

Nine Months Ended September 30, 2023

 

Lease cost:

 

 

 

Operating lease cost

 

$

2,316

 

Cash paid for amounts included in the measurement of liabilities:

 

 

 

Operating cash flows from operating lease

 

$

3,021

 

 

 

 

Other information:

 

Nine Months Ended September 30, 2023

 

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

 

 

6.67

 

Weighted-average discount rate - operating lease

 

 

9.30