Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Summary of quantitative operating lease information

The following summarizes quantitative information about the Company’s operating leases (dollars in thousands):

	For the year ended December 31,			For the year ended December 31,
	2021			2020
Operating leases
Operating lease cost	$	1,793		$	1,609
Variable lease cost	373			488
Operating lease expense	2,166			2,097
Finance leases
Amortization of right-of-use assets	313			18
Interest on lease obligations	99			5
Finance lease expense	412			23
Short-term lease rent expense	17			17
Total rent expense	$	2,595		$	2,137
Other information
Operating cash flows from operating leases	$	1,772		$	1,648
Operating cash flows from finance leases	$	99		$	5
Financing cash flows from finance leases	$	255		$	17
Right of use assets exchanged for operating lease liabilities	$	4,217		$	268
Right of use assets exchanged for finance lease liabilities	$	2,431		$	930
Weighted-average remaining lease term - operating leases	3.5			2.3
Weighted-average remaining lease term – finance leases	5.4			5.8
Weighted-average discount rate - operating leases	6.3		%	6.4		%
Weighted-average discount rate – finance leases	6.4		%	5.1		%

Schedule of future minimum rental payments under operating lease agreements

Future minimum rental payments under operating lease agreements are as follows (table in thousands):

	Operating		Finance
Year ending December 31, 2022	$	1,772	$	660
Year ending December 31, 2023	1,455		668
Year ending December 31, 2024	1,114		671
Year ending December 31, 2025	637		676
Year Ended December 31, 2026	259		665
Remaining future payments	120		311
Total	5,357		3,651
Less present value discount	$	(555)	$	(562)
Operating and Finance lease liabilities.	$	4,802	$	3,089