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Leases
6 Months Ended
Jun. 30, 2023
Lessee Disclosure [Abstract]  
Leases
8.
Leases

The Company has operating leases for its corporate offices and certain equipment. The leases have remaining lease terms of approximately one to four years. During the six months ended June 30, 2023 and the year ended December 31, 2022, the Company did not acquire any new ROU assets or lease liabilities.

The components of lease expense consist of the following (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease expenses R&D:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease costs

 

$

550

 

 

$

555

 

 

$

1,101

 

 

$

1,113

 

Variable lease costs(1)

 

 

323

 

 

 

225

 

 

 

785

 

 

 

451

 

Operating lease expenses G&A:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease costs

 

 

132

 

 

 

126

 

 

 

263

 

 

 

250

 

Variable lease costs(1)

 

 

78

 

 

 

51

 

 

 

188

 

 

 

101

 

Total operating leases expense

 

$

1,083

 

 

$

957

 

 

$

2,337

 

 

$

1,915

 

____________

(1)
Includes short-term lease costs which are immaterial.

 

Supplemental cash flow information related to leases is as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows used for operating
   leases (in thousands)

 

$

673

 

 

$

206

 

 

$

1,404

 

 

$

803

 

Weighted-average remaining lease term in years

 

4.4

 

 

 

5.4

 

 

4.4

 

 

 

5.4

 

Weighted-average discount rate

 

 

7.63

%

 

 

7.63

%

 

 

7.63

%

 

 

7.63

%