Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Quantitative Information About Operating Leases
The following summarizes quantitative information about our operating leases (in thousands):
For the Years Ended
December 31, 2022 December 31, 2021
Operating leases
Operating lease cost $ 816  $ 816 
Variable lease cost $ —  $ — 
Operating lease expense 816  816 
Total rent expense $ 816  $ 816 
For the Years Ended
December 31, 2022 December 31, 2021
Operating cash flows used in operating leases $ (774) $ (357)
Weighted-average remaining lease term – operating leases (in years) 8.5 9.4
Weighted-average discount rate – operating leases 10.00  % 10.00  %
Schedule of Maturity of Operating Leases
Maturities of the Company’s operating leases, excluding short-term leases, are as follows (in thousands):
Year Ended December 31, 2023 $ 739 
Year Ended December 31, 2024 747 
Year Ended December 31, 2025 768 
Year Ended December 31, 2026 783 
Year Ended December 31, 2027 804 
Thereafter 3,071 
Total 6,912 
Less present value discount (2,352)
Operating lease liabilities $ 4,560