Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Company's weighted average lease term and discount rate

The table below presents the Company's weighted average lease term and discount rate of its operating leases as of the date presented:

 

 

 

June 30,

 

 

2022

Weighted average remaining lease term

 

9 years

Weighted average discount rate

 

7.4%

 

The table below presents total lease cost for the periods presented (in thousands):

 

Lease cost

 

Statement of Operations Location

 

For the Three Months Ended
 June 30, 2022

 

 

For the Six Months Ended
 June 30, 2022

 

Operating lease cost

 

 General and administrative expense

 

$

463

 

 

$

928

 

 

The table below presents the effect of lease payments on the Company's unaudited condensed consolidated statement of cash flows for the periods presented (in thousands):

 

 

 

Six Months Ended June 30,

 

Supplemental cash flow information

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flow for operating leases

 

$

1,305

 

 

$

1,090

 

Schedule of future lease payments

Future lease payments as of June 30, 2022 were as follows (in thousands):

 

Year Ending December 31,

 

Operating Leases

 

2022 (six months)

 

$

941

 

2023

 

 

1,219

 

2024

 

 

533

 

2025

 

 

362

 

2026

 

 

374

 

Thereafter

 

 

2,525

 

Total lease payments

 

 

5,954

 

Less: Amounts representing interest

 

 

(1,376

)

Lease liability

 

$

4,578

 

Schedule of future minimum rental payments on operating leases

Future minimum rental payments on operating leases as of December 31, 2021 were as follows (in thousands):

 

 

December 31,

 

Year Ending December 31,

 

2021

 

2022

 

$

2,007

 

2023

 

 

918

 

2024

 

 

181

 

Total

 

$

3,106

 

 

Schedule of minimum future sublease rental income under non-cancelable operating subleases Minimum future sublease rental income under the non-cancelable operating subleases as of the date presented are as follows (in thousands):

 

 

 

June 30,

 

 

 

2022

 

2022 (six months)

 

$

357

 

2023

 

 

67

 

Total

 

$

424