Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies.  
Schedule of balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows (in thousands):

    

March 31, 2022

    

December 31, 2021

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):

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):

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):

    

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

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%