Commitments

6 Months Ended

Jun. 30, 2022

Commitments

Commitments

7.Commitments

On January 28, 2022, the Company entered into a sublease agreement (the “Sublease”) with Grant Thornton LLP for new office space to replace its existing office space. The Sublease commenced on May 1, 2022 and will end on July 31, 2024 (or on such earlier date as the term may cease or expire as set forth in the Sublease).

Future minimum payments required under the Company’s non-cancelable operating lease as of June 30, 2022 are summarized as follows (in thousands):

Period Ending December 31,	Amount
2022	$	271
2023		663
2024		395
Total lease payments	$	1,329
Less: imputed interest		(107)
Total operating lease liabilities	$	1,222

Rent expense was $0.3 million and $0.2 million for the three months ended June 30, 2022 and 2021, respectively. Rent expense was $0.5 million and $0.3 million for the six months ended June 30, 2022 and 2021, respectively. Lease payments were $0.3 and $0.2 million for the three months ended June 30, 2022 and 2021, respectively. Lease payments were $0.5 million and $0.4 million for the six months ended June 30, 2022 and 2021, respectively.