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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Summary of Components of Lease Cost

The components of lease expense include operating, short-term, and variable lease costs. Amortization is recorded within research and development and general and administrative expenses in the condensed statements of operations and comprehensive loss. Components of lease cost for the three and six months ended June 30, 2023 and 2022, respectively, were as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease cost

 

$

163

 

 

$

83

 

 

$

246

 

 

$

156

 

Short-term lease cost

 

 

21

 

 

 

19

 

 

 

43

 

 

 

39

 

Variable lease cost

 

 

15

 

 

 

14

 

 

 

29

 

 

 

30

 

Total lease cost

 

$

199

 

 

$

116

 

 

$

318

 

 

$

225

 

Schedule of Lease Liabilities with Weighted Average Remaining Term and Weighted Average Discount Rate

Maturities of lease liabilities, weighted-average remaining term and weighted-average discount rate were as follows (in thousands):

 

 

 

As of June 30,

 

Year ending December 31,

 

 

 

2023 (remaining six months)

 

$

152

 

2024

 

 

717

 

2025

 

 

827

 

2026

 

 

852

 

2027

 

 

877

 

Thereafter

 

 

5,667

 

Total minimum lease payments

 

 

9,092

 

Less: amount representing interest

 

 

(3,021

)

Present value of lease liabilities

 

 

6,071

 

Less: current portion of lease liabilities

 

 

(144

)

Lease liabilities, noncurrent

 

$

5,927

 

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Weighted-average remaining lease term (years) - operating leases

 

 

10.4

 

 

 

10.5

 

Weighted-average incremental borrowing rate - operating leases

 

 

8.04

%

 

 

6.50

%