In December 2019, the Company entered into a 36-month lease for office space in Princeton, New Jersey, which commenced February 1, 2020. In May 2022, the Company amended the existing lease agreement in order to increase the lease term, which has been accounted for as a lease modification. The operating lease right-of-use asset and liability were remeasured at the modification date, resulting in an increase to both balances of $0.2 million.

The components of lease expense for the three and nine months ended June 30, 2022 and 2021 were as follows:

Schedule of Lease Expenses 

At June 30, 2022, the weighted-average remaining lease term was 3.8 years and the weighted average discount rate was 12%.

Cash paid for amounts included in the measurement of lease liabilities:

Schedule of Operating Lease Liabilities 

Future minimum lease payments under non-cancellable leases at June 30, 2022 were as follows:

Schedule of Future Minimum Lease Payments