6. Lease In August 2017, the Company entered into a lease agreement to lease 24,357 square feet of combination laboratory and office space in South San Francisco, California. This lease expires in February 2025. Information related to the Company’s ROU asset and related lease liabilities were as follows (in thousands):
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Three months ended
September 30, 2022 |
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Nine months ended
September 30, 2022 |
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Cash paid for operating lease liabilities |
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$ |
305 |
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$ |
886 |
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Operating lease costs |
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|
275 |
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|
825 |
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Variable lease costs |
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|
190 |
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|
491 |
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Maturities of lease liabilities as of September 30, 2022 were as follows: |
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Less than 12 months |
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$ |
1,624 |
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13 - 24 months |
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1,672 |
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25 - 36 months |
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705 |
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Total undiscounted lease payments |
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4,001 |
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Less: imputed interest |
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(465 |
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Total lease liabilities |
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$ |
3,536 |
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Operating lease liabilities, current |
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$ |
1,329 |
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Operating lease liabilities, noncurrent |
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2,207 |
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Total operating lease liabilities |
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$ |
3,536 |
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