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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Supplemental Cash Flow Information Relating to Leases

The following table summarizes supplemental cash flow information for the six months ended June 30, 2023 and 2022:

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Cash paid for amounts included in measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

875

 

 

$

303

 

Right-of-use asset obtained in exchange for an operating lease liability

 

$

 

 

$

1,311

 

Summarizes of future minimum lease payments

The following table summarizes the Company’s future minimum lease payments and reconciliation of lease liabilities as of June 30, 2023:

 

 

June 30, 2023

 

 

 

(in thousands)

 

Remainder of 2023

 

$

1,006

 

2024

 

 

1,738

 

2025

 

 

1,461

 

2026

 

 

872

 

Total future minimum lease payments

 

 

5,077

 

Less: imputed interest

 

 

(691

)

Total lease liabilities at present value

 

$

4,386

 

Summarizes Lease Term and Discount Rate

The following table summarizes the weighted-average remaining lease term and discount rate as of June 30, 2023 and December 31, 2022:

 

 

June 30, 2023

 

 

December 31, 2022

 

Weighted-average remaining lease term (in years)

 

 

2.8

 

 

 

3.2

 

Weighted-average discount rate

 

 

10.8

%

 

 

10.8

%