Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Schedule of Right of Use Asset and Related Lease Liability and Supplemental Cash Flow Information

Because the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate to determine the present value of lease payments. Information related to our right of use asset and related lease liability is:

		September 30,		December 31,
(in thousands)	Balance Sheet Classification	2021		2020
Right-of-use asset	Right-of-use lease asset, net	$	8,061	$	8,622
Operating lease liability (current)	Accounts payable, accrued and other liabilities	$	711	$	691
Operating lease liability (non-current)	Long-term lease liability		7,416		7,952
		$	8,127	$	8,643

	For the Three Months Ended September 30,
(in thousands)	2021		2020
Cash paid for operating lease liabilities	$	250	$	56

	For the Nine Months Ended September 30,
(in thousands)	2021		2020
Cash paid for operating lease liabilities	$	750	$	56

Schedule of Future Amortization of Lease Liability

Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of September 30, 2021:

(in thousands)
2021 (remaining)	$	250
2022		1,001
2023		1,001
2024		1,008
2025		1,035
Thereafter		5,316
Future lease payments, gross		9,611
Less: Imputed interest		(1,484	)
Operating lease liability	$	8,127