Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases

As of March 31, 2022, future minimum rental commitments for operating leases with non-cancellable terms in excess of one year were as follows:

 

 

 

Operating
Leases

 

Fiscal Years Ending December 31,

 

(in thousands)

 

 Remainder of 2022

 

$

986

 

 2023

 

 

1,462

 

 2024

 

 

1,504

 

 2025

 

 

1,473

 

 2026

 

 

1,287

 

Thereafter

 

 

5,792

 

Total future operating lease payments

 

 

12,504

 

Less: imputed interest

 

 

(2,217

)

Total operating lease liabilities

 

$

10,287

 

 

 

 

 

 

 

The Company's operating cash outflows from operating leases for the three months ended March 31, 2022 and March 31, 2021 were and $0.3 million and $0.2 million.

As of March 31, 2022, the weighted-average remaining lease term for operating leases is approximately 8.5 years.

As of March 31, 2022, the weighted-average remaining discount rate used to determine the operating lease liability is 4.5%

As of March 31, 2022, the Company has no additional operating leases that have not yet commenced.