Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 30, 2022
Lessee Disclosure [Abstract]  
Schedule of balance sheet location disclosure

 

 

Balance Sheet Location

 

September 30, 2022

 

Assets

 

 

 

 

 

    Operating

 

Prepaid expenses and other current assets

 

$

356

 

    Operating

 

Right-of-use operating lease assets, net

 

 

10,774

 

    Financing

 

Right-of-use financing lease assets, net

 

 

2,308

 

    Total lease assets

 

 

 

$

13,438

 

Liabilities

 

 

 

 

 

  Current

 

 

 

 

 

    Operating

 

Current operating lease liability

 

$

2,164

 

    Financing

 

Current financing lease liability

 

 

195

 

  Non-Current

 

 

 

 

 

    Operating

 

Long-term operating lease liability

 

 

9,041

 

    Financing

 

Long-term financing lease liability

 

 

2,176

 

  Total lease liability

 

 

 

$

13,576

 

Schedule of lease cost

The following table sets forth our lease costs included in our unaudited consolidated statement of comprehensive income (loss):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2022

 

 

September 30, 2022

 

Operating lease cost

 

$

837

 

 

$

2,457

 

Short-term lease cost

 

 

1

 

 

 

9

 

Financing lease cost:

 

 

 

 

 

 

   Amortization of ROU assets

 

 

55

 

 

 

163

 

   Interest on lease liabilities

 

 

34

 

 

 

103

 

Sublease income

 

 

(34

)

 

 

(102

)

Total lease costs

 

$

893

 

 

$

2,630

 

Schedule of weighted average remaining lease term and the weighted average discount rate for the Company's operating leases

 

 

September 30, 2022

Weighted-average remaining lease term (years)

 

 

 

 

 

Operating

 

 

 

6.7

 

 

Financing

 

 

 

8.4

 

 

Weighted-average discount rate

 

 

 

 

 

Operating

 

 

 

5.9

%

 

Financing

 

 

 

5.6

%

 

Summary of maturities of leases

Maturities of Leases

 

 

 

Operating Leases

 

 

Financing Leases

 

 

Total

 

Remainder of 2022

 

$

817

 

 

$

80

 

 

$

897

 

2023

 

 

2,566

 

 

 

326

 

 

 

2,892

 

2024

 

 

2,244

 

 

 

335

 

 

 

2,579

 

2025

 

 

1,859

 

 

 

345

 

 

 

2,204

 

2026

 

 

1,392

 

 

 

356

 

 

 

1,748

 

Thereafter

 

 

5,172

 

 

 

1,566

 

 

 

6,738

 

   Total future lease payments

 

 

14,050

 

 

 

3,008

 

 

 

17,058

 

   Less: Discount

 

 

2,845

 

 

 

637

 

 

 

3,482

 

   Present value of lease liability

 

$

11,205

 

 

$

2,371

 

 

$

13,576

 

Schedule of Future Minimum Lease Payments Obligations

As of December 31, 2021, future minimum lease payment obligations were as follows:

 

 Year

 

Total

 

2022

 

$

3,212

 

2023

 

 

3,027

 

2024

 

 

1,959

 

2025

 

 

1,253

 

2026

 

 

443

 

Thereafter

 

 

328

 

Total future lease payments

 

$

10,222