Quarterly report pursuant to Section 13 or 15(d)

Lease Agreement (Tables)

v3.22.2
Lease Agreement (Tables)
6 Months Ended
Jun. 30, 2022
Lease Agreement  
Schedule of maturity of operating lease liabilities

The following table summarizes maturity of the Company’s operating lease liabilities as of June 30, 2022 (in thousands):

Operating

Undiscounted lease payments

    

Leases

2022 (excluding the six months ended June 30, 2022)

 

101

2023

 

34

Total undiscounted lease payments

 

135

Present value adjustment

 

(2)

Total net lease liabilities

 

$

133

Schedule of cost components of operating leases

The following table summarizes the cost components of the Company’s operating leases for the three and six months ended June 30, 2022 and 2021 (in thousands):

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

    

2022

2021

    

2022

    

2021

Lease costs:

Operating lease cost

$

44

$

44

 

$

88

 

$

88

Variable lease cost (1)

 

2

 

2

 

5

 

5

Total lease costs

$

46

$

46

 

$

93

$

93

Summary of supplemental cash flow information related to operating leases

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

    

2022

2021

    

2022

    

2021

Lease costs:

Operating lease cost

$

44

$

44

 

$

88

 

$

88

Variable lease cost (1)

 

2

 

2

 

5

 

5

Total lease costs

$

46

$

46

 

$

93

$

93

Schedule of present value assumptions used in calculating the present value of lease payments

    

June 30, 

December 31, 

    

2022

2021

Weighted-average remaining lease term

0.67 years

1.17 years

Weighted-average discount rate

5.51

%

5.51

%