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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Costs

The components of lease costs, which were included in our condensed consolidated statements of operations and comprehensive loss, were as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

2,164

 

 

$

2,253

 

Total lease cost

 

$

2,164

 

 

$

2,253

 

Schedule of Supplemental Information Related to Leases

Supplemental information related to leases was as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of
   lease liabilities (in thousands):

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

2,094

 

 

$

2,034

 

New right-of-use assets obtained in exchange for lease
   obligations (in thousands):

 

 

 

 

 

 

Operating leases

 

$

 

 

$

781

 

Weighted-average remaining lease term (years):

 

 

 

 

 

 

Operating leases

 

 

5.1

 

 

 

5.3

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

7.9

%

 

 

7.4

%

Schedule of Minimum Annual Rental Payments Under Operating Lease Agreements

As of March 31, 2023, minimum annual rental payments under the Company’s lease agreements are as follows (in thousands):

 

 

 

Lease Financing
Obligation

 

Year ending December 31,

 

 

 

2023 (remaining nine months)

 

$

6,456

 

2024

 

 

12,527

 

2025

 

 

10,658

 

2026

 

 

10,376

 

2027

 

 

10,466

 

Thereafter

 

 

52,348

 

Total minimum payments

 

 

102,831

 

Less: Amounts representing interest expense

 

 

(4,515

)

Less: Amounts representing lease payments under the Boston Lease

 

 

(79,113

)

Present value of future minimum lease payments

 

 

19,203

 

Less: Current portion of lease liability

 

 

(4,628

)

Noncurrent portion of lease liability

 

$

14,575