LEASES

9 Months Ended

Sep. 30, 2022

Leases

Leases

Note 4–Leases

The Company leases certain facilities from a related party, which is a company affiliated with us through common ownership. Included in the right-of-use asset (“ROU asset”) as of September 30, 2022 was $1,432 and a corresponding lease liability of $1,432 associated with related party leases.

As of September 30, 2022, there were no additional operating leases that have not yet commenced. Refer to the following table for quantitative information related to the Company’s leases for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30, 2022						Nine Months Ended September 30, 2022
	Related Parties		Others		Total		Related Parties		Others		Total
Lease Cost
Capitalized operating lease cost	$	313	$	693	$	1,006	$	940	$	2,112	$	3,052
Short-term lease cost		107		58		165		321		100		421
Total lease cost	$	420	$	751	$	1,171	$	1,261	$	2,212	$	3,473
Other Information
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	313	$	713	$	1,026	$	940	$	2,147	$	3,087
Weighted-average remaining lease term (in years):
Capitalized operating leases								1.17		4.26		3.78
Weighted-average discount rate:
Capitalized operating leases								3.92%		4.03%		4.02%
	Three Months Ended September 30, 2021						Nine Months Ended September 30, 2021
	Related Parties		Others		Total		Related Parties		Others		Total
Lease Cost
Capitalized operating lease cost	$	313	$	753	$	1,066	$	940	$	2,304	$	3,244
Short-term lease cost		107		21		128		320		63		383
Total lease cost	$	420	$	774	$	1,194	$	1,260	$	2,367	$	3,627
Other Information
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	313	$	807	$	1,120	$	940	$	2,404	$	3,344
Weighted-average remaining lease term (in years):
Capitalized operating leases								2.17		4.66		4.06
Weighted-average discount rate:
Capitalized operating leases								3.92%		3.92%		3.92%

As of September 30, 2022, future lease payments over the remaining term of capitalized operating leases were as follows:

For the Years Ended December 31,		Related Parties		Others		Total
2022, excluding the nine months ended September 30, 2022	$	313	$	699	$	1,012
2023		1,149		2,260		3,409
2024		—		1,860		1,860
2025		—		1,798		1,798
2026		—		1,115		1,115
Thereafter		—		575		575
	$	1,462	$	8,307	$	9,769
Imputed interest						(678)
Lease liability balance at September 30, 2022					$	9,091

As of September 30, 2022, the ROU asset had a balance of $8,495. The long-term lease liability was $5,620 and the short-term lease liability, which is included in accrued expenses and other liabilities in the consolidated balance sheets, was $3,471. As of September 30, 2021, the ROU asset had a balance of $10,218. The long-term lease liability was $7,353 and the short-term lease liability, which is included in accrued expenses and other liabilities in the consolidated balance sheets, was $3,502.