Commitments and Contingences (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Sublease Income

The expected undiscounted cash flows to be received from the sublease as of December 31, 2021 is as follows (in thousands):

2022		657
2023		671
2024		685
2025		699
2026		416
Total	$	3,128

Schedule of Weighted Average IBR and Remaining Lease Term

The IBR and the remaining lease terms of our facilities and their weighted average IBR and remaining terms are as follows as of December 31, 2021:

Lease Locations	IBR	Remaining Terms (in years)
Redwood City, CA	6.90%	8.2
Boston, MA	9.30%	4.6
Menlo Park, CA	6.80%	0.5
Weighted Average	7.20%	7.7

Summary of Lease Costs and Other Information

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the years ended December 31, 2021 and 2020:

	December 31
	2021			2020
Lease Cost	(in thousands)			(in thousands)
Operating lease cost	$	4,282		$	894
Short-term lease cost		235			56
Variable lease cost		—			—
Sublease Income		(223	)		—
Total lease cost	$	4,294		$	950
Other Information
Operating cash flows used for lease liabilities	$	511		$	859
Operating lease right of use asset obtained in exchange of operating lease liability	$	—		$	22,367

Maturities Of Operating Lease Liabilities

The maturities of the operating lease liabilities as of December 31, 2021 were as follows (in thousands):

2022		2,933
2023		3,428
2024		3,525
2025		3,625
2026 and thereafter		13,747
Total undiscounted lease payments		27,258
Less: imputed interest		6,314
Total operating lease liability		20,944
Less: current portion		1,567
Operating lease liability, net of current maturities	$	19,377