Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2021
Commitments and Contingencies.  
Schedule of balance sheet information related to leases

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

    

September 30, 2021

    

December 31, 2020

Operating leases:

 

  

 

  

Operating lease right-of-use assets

 

$

4,815

 

$

5,119

Other current liabilities

765

696

Operating lease liabilities

6,516

7,097

Total operating lease liabilities

$

7,281

$

7,793

Finance leases:

Property and equipment, at cost

$

44

$

45

Accumulated depreciation

(38)

(34)

Property and equipment, net

6

11

Other current liabilities

5

7

Other long-term liabilities

4

Total finance lease liabilities

$

5

$

11

Schedule of components of lease expense

The components of lease expense were as follows (in thousands):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2021

    

2020

    

2021

    

2020

Operating lease costs:

Operating lease rental expense

$

309

$

277

$

1,362

$

950

Other income

(305)

(303)

(881)

(904)

Total operating lease costs

$

4

$

(26)

$

481

$

46

Finance lease costs:

Amortization of right-of-use assets

2

2

6

7

Interest on lease liabilities

1

Total finance lease costs

$

2

$

2

$

6

$

8

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases was as follows (in thousands):

Nine Months Ended

September 30, 

    

2021

    

2020

Cash paid for amounts included in the measurement of lease liabilities

 

  

 

  

Operating cash flows from operating leases

$

(647)

$

(117)

Operating cash flows from finance leases

 

 

Financing cash flows from finance leases

(6)

 

(8)

Schedule of maturities of operating lease liabilities

Our operating lease liabilities will mature, as follows (in thousands):

    

Operating Leases

 

Financing Leases

2021 (October 1 - December 31)

$

348

$

1

2022

1,401

4

2023

1,425

2024

1,450

2025

1,474

2026 and beyond

3,661

Total minimum lease payments

$

9,759

$

5

Interest Expense

(2,478)

Lease liability

$

7,281

$

5

Schedule of maturities of financing lease liabilities

Our operating lease liabilities will mature, as follows (in thousands):

    

Operating Leases

 

Financing Leases

2021 (October 1 - December 31)

$

348

$

1

2022

1,401

4

2023

1,425

2024

1,450

2025

1,474

2026 and beyond

3,661

Total minimum lease payments

$

9,759

$

5

Interest Expense

(2,478)

Lease liability

$

7,281

$

5

Schedule of expected sublease inflows

Per the terms of our sublease, we expect the following inflows (in thousands):

    

Sublease

2021 (October 1 - December 31)

$

276

2022

1,118

2023

 

1,139

2024

996

2025

 

2026 and beyond

 

Total minimum lease payments

$

3,529

Schedule of weighted average lease term and discount rates

Nine Months Ended September 30, 

 

2021

 

2020

Weighted average remaining lease term (years)

Operating leases

7

8

Finance leases

1

1

Weighted average discount rate

Operating leases

9.2%

9.2%

Finance leases

6.5%

6.5%