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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Additional Details of Leases Presented in Balance Sheets

All of the Company’s leases are operating leases.  The following table provides additional details of leases presented in the Consolidated Balance Sheets:

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Lease right of use assets

 

$

5,746

 

 

$

1,300

 

Lease liabilities, current

 

$

1,050

 

 

$

745

 

Lease liabilities, long-term

 

$

6,267

 

 

$

1,028

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining life

 

6.7 years

 

 

2.2 years

 

Weighted-average discount rate

 

 

9

%

 

 

8

%

Additional Details of Operating Lease Expense

Operating lease expense is included in “cost of revenue” and “operating expenses” in the Consolidated Statements of Operations and in “cash flows from operating activities” in the Consolidated Statements of Cash Flows. The operating leases include variable lease payments, which are included in operating lease expense. Additional details of the Company’s operating leases are presented in the following table:

 

 

Three

 

 

Three

 

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2022

 

 

2021

 

Operating lease expense

 

$

461

 

 

$

257

 

Cash paid for operating leases

 

$

384

 

 

$

297

 

Reconciliation of Undiscounted Cash Payment Obligations of Operating Lease Liability

The table below reconciles the aggregate cash payment obligations for the first five years and total of the remaining years for the operating lease liability recorded in the Consolidated Balance Sheet as of March 31, 2022:

 

 

Cash

 

 

 

Payment

 

As of March 31, 2022:

 

Obligations

 

Remaining in 2022

 

$

873

 

2023

 

 

1,017

 

2024

 

 

1,178

 

2025

 

 

1,309

 

2026

 

 

1,349

 

Thereafter

 

 

5,138

 

Total lease payments

 

 

10,864

 

Imputed interest

 

 

(3,547

)

Total minimum lease payments

 

$

7,317