Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases

Schedule of Operating Leases in Consolidated Balance Sheets

All of the Company’s leases qualify as operating leases. The following table summarizes the presentation of the Company’s operating leases in its consolidated balance sheets:

		December 31,
	Balance Sheet Classification	2022		2021
		(in thousands)
Assets:
Operating lease assets	Right-of-use asset, net	$	147	$	169
Liabilities:
Current portion of operating lease liabilities	Current portion of operating lease liabilities		99		110
Operating lease liabilities, net of current portion	Operating lease liabilities, net of current portion		48		59
Total operating lease liabilities		$	147	$	169

Schedule of Weighted Average Lease Term and Discount Rates

The weighted average remaining lease terms and weighted average discount rates as of December 31, 2022 and 2021 were as follows:

	Year ended December 31,
	2022			2021
Remaining lease term (in years)		1.43			1.60
Discount rate		14.74	%		9.14	%

Summary of Lease Expense Categories in Consolidated Statements of Operations

The following table summarizes the effect of lease costs in the Company’s consolidated statements of operations:

		For the Year Ended December 31,
		2022		2021
		(in thousands)
Operating lease expense	Research and development	$	77	$	77
	General and administrative		44		44
	Total	$	121	$	121

Schedule of Minimum Lease Payments

The minimum lease payments for the next two years and thereafter are as follows:

	As of
	December 31, 2022
	(in thousands)
2023	$	114
2024		50
Total lease payments		164
Less: imputed interest		17
Present value of operating lease liabilities	$	147