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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases

7. Leases

The Company has non-cancelable operating leases for office and laboratory space in Malvern, Pennsylvania and Creve Coeur, Missouri which, as of December 31, 2021, have remaining lease terms of approximately 1.2 and 0.1 years, respectively. The discount rate used to account for the Company’s operating leases is the Company’s estimated incremental borrowing rate of 5.3%.

Supplemental balance sheet information related to leases was as follows:

 

 

December 31,

 

 

 

2021

 

 

2020

 

Operating Leases

 

 

 

 

 

 

Right-of-use lease assets

 

$

296

 

 

$

530

 

 

 

 

 

 

 

 

Lease liabilities, current

 

 

258

 

 

 

238

 

Lease liabilities, net of current portion

 

 

44

 

 

 

296

 

Total operating lease liabilities

 

$

302

 

 

$

534

 

 

 

 

 

 

 

 

The components of lease expense were as follows:

 

 

Year ended
December 31,

 

 

 

2021

 

 

2020

 

Operating lease costs

 

 

 

 

 

 

Operating lease rental expense

 

$

303

 

 

$

262

 

Interest on lease liabilities

 

 

22

 

 

 

35

 

Total operating lease expense

 

$

325

 

 

$

297

 

Supplemental cash flow information related to leases was as follows:

 

 

Year ended
December 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

325

 

 

$

445

 

Right-of-use assets obtained in exchange for lease obligation

 

 

 

 

 

 

Operating leases

 

 

70

 

 

 

 

Our operating lease liabilities as of December 31, 2021 will mature, as follows (amounts in thousands):

 

2022

 

$

266

 

2023

 

 

44

 

Total

 

 

310

 

Less: imputed interest

 

 

(8

)

 

 

$

302