Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2.2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases

As of September 30, 2022, future minimum rental commitments for operating leases with non-cancellable terms in excess of one year were as follows:

 

 

 

Operating
Leases

 

 

 

(in thousands)

 

 Remainder of 2022

 

$

361

 

 2023

 

 

1,462

 

 2024

 

 

1,504

 

 2025

 

 

1,473

 

 2026

 

 

1,287

 

 Thereafter

 

 

5,792

 

 Total future operating lease payments

 

 

11,879

 

 Less: imputed interest

 

 

(1,989

)

Total operating lease liabilities

 

$

9,890

 

 

The Company's operating cash outflows from operating leases for the nine months ended September 30, 2022, and September 30, 2021 were $0.9 million and $0.8 million, respectively.

As of September 30, 2022, the weighted-average remaining lease term for operating leases is approximately 8.0 years.

As of September 30, 2022, the weighted-average discount rate used to determine the operating lease liability is 4.5%