Commitments and Contingencies (Tables)
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9 Months Ended |
Sep. 30, 2021 |
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| 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):
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|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
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|
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 |
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|
|
|
|
|
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|
|
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% |
|