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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Lessee Disclosure [Abstract]  
Schedule of Leases

The Company’s lease agreements do not contain any material variable lease payments, material residual value guarantees or material restrictive covenants. Leases consisted of the following (in thousands):

 

Leases

 

Classification

 

December 31, 2021

 

 

December 31, 2020

 

Assets

 

 

 

 

 

 

 

 

Operating lease assets

 

 Right of use asset

 

$

3,081

 

 

$

5,826

 

Total leased assets

 

 

 

$

3,081

 

 

$

5,826

 

Liabilities

 

 

 

 

 

 

 

 

Current - Operating

 

 Operating lease liability - current

 

$

1,074

 

 

$

717

 

Noncurrent - Operating

 

 Operating lease liability - noncurrent

 

 

2,220

 

 

 

5,389

 

Total leased liabilities

 

 

 

$

3,294

 

 

$

6,106

 

 

Lease Cost

 

Classification

 

For the
Year Ended
December 31,
2021

 

 

For the
Year Ended
December 31,
2020

 

Operating lease cost

 

 SG&A and R&D Expenses

 

$

1,352

 

 

$

1,042

 

Short term lease cost (1)

 

 SG&A and R&D Expenses

 

 

133

 

 

 

305

 

Sublease income (2)

 

 SG&A and R&D Expenses

 

 

(63

)

 

 

(45

)

Net lease cost

 

 

 

$

1,422

 

 

$

1,302

 

 

(1)
Short term lease cost consists of field trial lease agreements with a lease term of 12 months or less.
(2)
Sublease income is recorded as a reduction to lease expense.

 

Lease Term and Discount Rate

 

December 31, 2021

 

 

December 31, 2020

 

Weighted-average remaining
   lease term (years)

 

 

2.7

 

 

 

5.0

 

Weighted-average discount rate

 

 

6

%

 

 

6

%

 

Schedule of Maturities of Operating Lease Liabilities

The maturities of the operating lease liabilities as of December 31, 2021 are as follows (in thousands):

 

Years Ending December 31,

 

Amounts

 

2022

 

$

1,217

 

2023

 

 

1,237

 

2024

 

 

973

 

2025

 

 

168

 

2026 and thereafter

 

 

 

Total operating lease payments

 

$

3,595

 

Less: imputed interest

 

$

301

 

Total current and noncurrent operating lease liabilities

 

$

3,294