Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

5. Leases

The Company has operating and finance leases for buildings and other assets such as vehicles and office equipment. The Company’s leases have remaining lease terms ranging from 1 year to 4 years.

The tables below present financial information related to the Company’s leases.

Supplemental balance sheets information related to leases as of March 31, 2022 and December 31, 2021 are as follows (in thousands):

Leases	Classification	March 31, 2022		December 31, 2021
Assets
Operating lease	Operating lease right-of-use assets	$	3,719	$	4,275
Finance lease	Property, plant and equipment, net		108		126
Total lease assets		$	3,827	$	4,401
Liabilities
Current
Operating	Operating lease liabilities	$	2,223	$	2,323
Finance	Other current liabilities		67		68
Non-current
Operating	Non-current operating lease liabilities		1,496		1,952
Finance	Other non-current liabilities		54		73
Total lease liabilities		$	3,840	$	4,416

The following table presents the weighted average remaining lease term and discount rate:

	March 31, 2022			December 31, 2021
Weighted average remaining lease term
Operating leases		2.3 years			2.4 years
Finance leases		1.8 years			2.0 years
Weighted average discount rate
Operating leases		4.12	%		4.20	%
Finance leases		7.75	%		7.75	%

The components of lease cost included in the Company’s consolidated statements of operations, are as follows (in thousands):

	Three Months Ended
	March 31, 2022		March 31, 2021
Operating lease cost	$	569	$	680
Finance lease cost
Amortization of right-of-use assets		16		17
Interest on lease liabilities		2		4
Total lease cost	$	587	$	701

The above table does not include an immaterial cost of short-term leases for the three months ended March 31, 2022 and 2021.

Other lease information is as follows (in thousands):

	Three Months Ended
	March 31, 2022		March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	569	$	680
Operating cash flows from finance leases		2		4
Financing cash flows from finance leases		16		16

The aggregate future lease payments for operating and finance leases as of March 31, 2022 are as follows (in thousands):

	Operating Leases			Finance Leases
Remainder of 2022	$	1,837		$	56
2023		1,079			74
2024		607			—
2025		393			—
Total future lease payments		3,916			130
Less: Imputed interest		(197	)		(9	)
Present value of future payments	$	3,719		$	121