Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Assets and Liabilities Lessee

The following table shows the classification and location of the Company’s leases on the Consolidated Balance Sheets (in thousands):

		December 31,
Leases	Balance Sheet Location	2021		2020
Assets
Noncurrent:
Operating	Operating lease right-of-use assets	$	1,795	$	2,450
Finance	Office and other equipment, net of accumulated depreciation and amortization	—		74
Total lease assets		$	1,795	$	2,524
Liabilities
Current:
Operating	Operating lease liabilities	$	681	$	773
Finance	Finance lease liabilities	—		69
Noncurrent:
Operating	Operating lease liabilities	1,276		1,840
Finance	Finance lease liabilities	—		5
Total lease liabilities		$	1,957	$	2,687

Schedule of Lease Cost Components

The following table shows the classification and location of the Company’s lease costs on the Consolidated Statements of Operations (in thousands):

		Years Ended December 31,
	Statement of Operations Location	2021		2020		2019
Operating lease expense	General and administrative expense	$	803	$	786	$	754
Finance lease expense:
Amortization of right-of-use assets	Depreciation, depletion and amortization	$	74	$	217	$	298
Interest on lease liability	Interest expense, net	2		13		33
Total lease expense		$	879	$	1,016	$	1,085

The following table shows the weighted average remaining lease term and the weighted average discount rate for the Company’s leases as of the dates indicated:

	December 31, 2021			December 31, 2020
	Operating Leases		Finance Leases	Operating Leases		Finance Leases
Weighted-average remaining lease term (in years)	2.9		n/a	3.9		1.0
Weighted-average discount rate (1)	4.35	%	n/a	4.35	%	6.71	%

(1)The discount rate used for operating leases is based on the Company’s incremental borrowing rate at lease commencement and may be adjusted if modifications to lease terms or lease reassessments occur. The discount rate used for finance leases is based on the rates implicit in the leases.

The following table includes other quantitative information for the Company’s leases (in thousands):

	Years Ended December 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Cash payments for operating leases	$	778	$	632
Cash payments for finance leases	70		130
Right-of-use assets obtained in exchange for new operating lease liabilities	—		—

Schedule of Finance Lease, Liability, Maturity

Minimum contractual obligations for the Company’s leases (undiscounted) as of December 31, 2021 were as follows (in thousands):

	Operating		Finance
2022	$	696	$	—
2023	595		—
2023	605		—
2025	152		—
2026	—		—
Thereafter	—		—
Total lease payments	$	2,048	$	—
Less imputed interest	(91)		—
Total lease liability	$	1,957	$	—

Schedule of Lessee, Operating Lease, Liability, Maturity

Future minimum contractual commitments as of December 31, 2021 under non-cancelable agreements having initial or remaining terms in excess of one year are as follows: 

	2022		2023		2024		2025		2026		Thereafter
Office leases	696		595		605		152		—		—
Total	$	696	$	595	$	605	$	152	$	—	$	—

Minimum contractual obligations for the Company’s leases (undiscounted) as of December 31, 2021 were as follows (in thousands):

	Operating		Finance
2022	$	696	$	—
2023	595		—
2023	605		—
2025	152		—
2026	—		—
Thereafter	—		—
Total lease payments	$	2,048	$	—
Less imputed interest	(91)		—
Total lease liability	$	1,957	$	—