XOMA Corporation Quarterly report pursuant to Section 13 or 15(d)

Lease Agreements (Tables)

Nine Months Ended September 30,

Cash paid for amounts included in the measurement of lease liabilities

Operating cash flows under operating leases

Lease Agreements (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of maturity of operating lease liabilities

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


	Operating
Undiscounted lease payments	Leases
2022 (excluding the nine months ended September 30, 2022)	$	52
2023		34
Total undiscounted lease payments		86
Present value adjustment		(1)
Total net lease liabilities	$	85

Schedule of cost components of operating leases

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Lease costs:
Operating lease cost	$	45	$	45	$	133	$	133
Variable lease cost ⁽¹⁾		4		3		9		8
Total lease costs	$	49	$	48	$	142	$	141

(1)Under the terms of the lease agreement, the Company is also responsible for certain variable lease payments that are not included in the measurement of the lease liability. Variable lease payments include non-lease components such as common area maintenance fees.

Summary of supplemental cash flow information related to operating leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands):

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


	September 30,		December 31,
	2022		2021
Weighted-average remaining lease term	0.42 years		1.17 years
Weighted-average discount rate	5.51	%	5.51	%