v3.22.2.2
Leases
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
The Company is party to non-cancelable operating leases for office and laboratory space in New Jersey and Massachusetts.
The Company's variable lease payments primarily consist of maintenance and other operating expenses from its real estate leases. Variable lease payments are excluded from the right of use assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.
The Company leases certain office equipment under finance leases with remaining lease terms of less than 3.8 years.
Supplemental balance sheet information for the Company's leases is as follows (in thousands):
September 30, 2022December 31, 2021
Operating lease right-of-use assets$2,444 $2,884
Finance lease right-of-use assets3418
Total right-of-use assets$2,478 $2,902
Operating lease liabilities$675 $779
Finance lease liabilities1716
Total lease liabilities$692 $795
Operating lease liabilities, non-current$1,791 $2,114
Finance lease liabilities, non-current204
Total lease liabilities, non-current$1,811$2,118


The maturities of the lease liabilities under non-cancelable operating and finance leases are as follows (in thousands):
As of September 30, 2022Finance LeasesOperating LeasesTotal
2022 (remainder)$4 $194 $198 
202318 792 810 
202416 646 662 
2025— 562 562 
2026— 525 525 
Total undiscounted cash flows38 2,719 2,757 
Less: imputed interest(1)(253)(254)
Total lease liabilities37 2,466 2,503 
Less: current portion(17)(675)(692)
Lease liabilities$20 $1,791 $1,811 
Rent expense was $0.2 million and $0.1 million for the three months ended September 30, 2022 and 2021, respectively, and was $0.8 million and $0.4 million for the nine months ended September 30, 2022 and 2021, respectively.
Leases Leases
The Company is party to non-cancelable operating leases for office and laboratory space in New Jersey and Massachusetts.
The Company's variable lease payments primarily consist of maintenance and other operating expenses from its real estate leases. Variable lease payments are excluded from the right of use assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.
The Company leases certain office equipment under finance leases with remaining lease terms of less than 3.8 years.
Supplemental balance sheet information for the Company's leases is as follows (in thousands):
September 30, 2022December 31, 2021
Operating lease right-of-use assets$2,444 $2,884
Finance lease right-of-use assets3418
Total right-of-use assets$2,478 $2,902
Operating lease liabilities$675 $779
Finance lease liabilities1716
Total lease liabilities$692 $795
Operating lease liabilities, non-current$1,791 $2,114
Finance lease liabilities, non-current204
Total lease liabilities, non-current$1,811$2,118


The maturities of the lease liabilities under non-cancelable operating and finance leases are as follows (in thousands):
As of September 30, 2022Finance LeasesOperating LeasesTotal
2022 (remainder)$4 $194 $198 
202318 792 810 
202416 646 662 
2025— 562 562 
2026— 525 525 
Total undiscounted cash flows38 2,719 2,757 
Less: imputed interest(1)(253)(254)
Total lease liabilities37 2,466 2,503 
Less: current portion(17)(675)(692)
Lease liabilities$20 $1,791 $1,811 
Rent expense was $0.2 million and $0.1 million for the three months ended September 30, 2022 and 2021, respectively, and was $0.8 million and $0.4 million for the nine months ended September 30, 2022 and 2021, respectively.