Commitments and Contingencies (Tables)
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3 Months Ended |
Mar. 31, 2022 |
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| Commitments and Contingencies. |
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| Schedule of balance sheet information related to leases |
Supplemental balance sheet information related to leases was as follows (in thousands):
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|
|
|
|
|
|
|
|
|
March 31, 2022 |
|
December 31, 2021 |
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Operating leases: |
|
|
|
|
|
|
|
Operating lease right-of-use assets |
|
$ |
4,592 |
|
$ |
4,706 |
|
Other current lease liabilities |
|
|
813 |
|
|
788 |
|
Operating lease liabilities |
|
|
6,096 |
|
|
6,309 |
|
Total operating lease liabilities |
|
$ |
6,909 |
|
$ |
7,097 |
|
|
|
|
|
|
|
|
|
Finance leases: |
|
|
|
|
|
|
|
Property and equipment, at cost |
|
$ |
45 |
|
$ |
45 |
|
Accumulated depreciation |
|
|
(43) |
|
|
(41) |
|
Property and equipment, net |
|
|
2 |
|
|
4 |
|
Other current lease liabilities |
|
|
2 |
|
|
4 |
|
Other long-term liabilities |
|
|
— |
|
|
— |
|
Total finance lease liabilities |
|
$ |
2 |
|
$ |
4 |
|
|
| Schedule of components of lease expense |
The components of lease expense were as follows (in thousands):
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|
|
|
|
|
|
|
Three Months Ended |
|
|
March 31, |
|
|
2022 |
|
2021 |
Operating lease costs: |
|
|
|
|
|
|
Operating lease rental expense |
|
$ |
327 |
|
$ |
293 |
Other income |
|
|
(315) |
|
|
(312) |
Total operating lease costs |
|
$ |
12 |
|
$ |
(19) |
|
|
|
|
|
|
|
Finance lease costs: |
|
|
|
|
|
|
Amortization of right-of-use assets |
|
|
1 |
|
|
2 |
Interest on lease liabilities |
|
|
— |
|
|
— |
Total finance lease costs |
|
$ |
1 |
|
$ |
2 |
|
| Schedule of supplemental cash flow information |
Supplemental cash flow information related to leases was as follows (in thousands):
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|
|
|
|
|
|
|
|
Three Months Ended |
|
|
March 31, |
|
|
2022 |
|
2021 |
Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
(70) |
|
$ |
(48) |
Operating cash flows from finance leases |
|
|
— |
|
|
— |
Financing cash flows from finance leases |
|
|
(2) |
|
|
(2) |
|
| Schedule of maturities of operating lease liabilities |
Our operating lease liabilities will mature, as follows (in thousands):
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|
|
|
|
|
|
|
|
Operating Leases |
|
Financing Leases |
2022 (April 1 - December 31) |
|
$ |
1,053 |
|
$ |
2 |
2023 |
|
|
1,425 |
|
|
— |
2024 |
|
|
1,450 |
|
|
— |
2025 |
|
|
1,474 |
|
|
— |
2026 |
|
|
1,498 |
|
|
— |
2027 and beyond |
|
|
2,163 |
|
|
— |
Total minimum lease payments |
|
$ |
9,063 |
|
$ |
2 |
Interest Expense |
|
|
(2,154) |
|
|
— |
Lease liability |
|
$ |
6,909 |
|
$ |
2 |
|
| Schedule of maturities of financing lease liabilities |
Our operating lease liabilities will mature, as follows (in thousands):
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Financing Leases |
2022 (April 1 - December 31) |
|
$ |
1,053 |
|
$ |
2 |
2023 |
|
|
1,425 |
|
|
— |
2024 |
|
|
1,450 |
|
|
— |
2025 |
|
|
1,474 |
|
|
— |
2026 |
|
|
1,498 |
|
|
— |
2027 and beyond |
|
|
2,163 |
|
|
— |
Total minimum lease payments |
|
$ |
9,063 |
|
$ |
2 |
Interest Expense |
|
|
(2,154) |
|
|
— |
Lease liability |
|
$ |
6,909 |
|
$ |
2 |
|
| Schedule of expected sublease inflows |
Per the terms of our sublease, we expect the following inflows (in thousands):
|
|
|
|
|
|
Sublease |
2022 (April 1 - December 31) |
|
$ |
839 |
2023 |
|
|
1,139 |
2024 |
|
|
996 |
Total minimum lease payments |
|
$ |
2,974 |
|
| Schedule of weighted average lease term and discount rates |
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|
|
|
|
|
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|
Three Months Ended March 31, |
|
|
2022 |
|
2021 |
Weighted average remaining lease term (years) |
|
|
|
|
|
|
Operating leases |
|
|
6 |
|
|
7 |
Finance leases |
|
|
— |
|
|
1 |
Weighted average discount rate |
|
|
|
|
|
|
Operating leases |
|
|
9.2% |
|
|
9.2% |
Finance leases |
|
|
6.5% |
|
|
6.5% |
|