Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2021

Supplemental balance sheet information related to the leased properties (excluding the New Chesterbrook Lease) is as follows (in thousands):


	As of
	September 30, 2021		December 31, 2020
Property and equipment, net	$	698	$	917

Accrued expenses and other current liabilities	$	219	$	426
Other long-term liabilities	977		1,038
Total operating lease liabilities	$	1,196	$	1,464

Lease, Cost

The components of lease expense for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Operating lease cost*	$	97	$	102	$	287	$	244

*Includes short-term leases, which are immaterial.

Lessee, Operating Lease, Liability, Maturity

The following table shows a maturity analysis of the operating lease liabilities as of September 30, 20211 (in thousands):



	Undiscounted Cash Flows
October 1, 2021 through December 31, 2021	$	89
2022	174
2023	178
2024	183
2025	187
2026	192
Thereafter	621
Total lease payments	$	1,624
Less implied interest	(428)
Total	$	1,196

1The New Chesterbrook Lease is not included in the table above given its lease commencement date for accounting purposes is December 1, 2021. The New Chesterbrook lease has an initial lease term of 5.25 years from the lease commencement date and annual base rent is approximately $0.2 million.