Leases (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Cost Components of Operating Lease

The cost components of the operating lease were as follows for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Lease Cost
Operating lease expense	$	238		$	140		$	476		$	279
Variable lease expense⁽¹⁾		191			190			383			374
Lease Term and Discount Rate
Remaining lease term (years)		10.00			6.00			10.00			6.00
Discount rate		3.42	%		2.45	%		3.42	%		2.45	%

⁽¹⁾

^{Variable lease costs are payments that vary because of changes in facts or circumstances and include common area maintenance and property taxes related to the premises. Variable lease costs are excluded from the calculation of minimum lease payments.}

Future Minimum Lease Payments

Future minimum lease payments as of June 30, 2022 were as follows:

Year ending December 31:
2022	$	458
2023		915
2024		956
2025		1,010
2026		1,064
2027 and thereafter		6,671
Total future minimum lease payments	$	11,074
Less: imputed interest		(1,781	)
Less: future lease incentives reasonably certain of use⁽¹⁾		(1,442	)
Present value of lease liabilities	$	7,851

⁽¹⁾

^{The future lease incentives are expected to be utilized within the next twelve months.}