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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases  
Summary of presentation of operating leases in consolidated balance sheets

December 31, 

    

Balance Sheet Classification

    

2021

    

2020

(in thousands)

Assets:

 

  

  

 

  

Operating lease assets

 

Right-of-use asset, net

$

169

$

182

Liabilities:

 

  

 

  

 

  

Current portion of operating lease liabilities

 

Current portion of operating lease liabilities

110

107

Operating lease liabilities, net of current portion

 

Operating lease liabilities, net of current portion

59

75

Total operating lease liabilities

 

  

$

169

$

182

Schedule of Weighted average discount rate and lease term

The weighted average remaining lease terms and weighted average discount rates as of December 31, 2021 and 2020 were as follows:

Year ended December 31, 

 

    

2021

    

2020

 

Remaining lease term (in years)

1.60

  

1.92

  

Discount rate

9.14

%

10.16

%

Summary of lease expense categories in consolidated statements of operations

For the Year Ended December 31, 

    

2021

    

2020

(in thousands)

Operating lease expense

 

Research and development

$

77

$

77

 

General and administrative

44

44

 

Total

$

121

$

121

Summary of minimum lease payments for the next five years and thereafter

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

As of 

    

December 31, 2021

(in thousands)

2022

$

121

2023

 

55

2024

 

7

2025

 

Total lease payments

183

Less: imputed interest

 

14

Present value of operating lease liabilities

$

169