Leases

3 Months Ended

Mar. 31, 2021

Leases

Leases

Note 13. Leases

The Company is a lessee under leases for land, office space and equipment with third parties, all of which are accounted for as operating leases. These leases generally have an initial term of one to seven years and provide for fixed monthly payments. Some of these leases provide for future rent escalations and renewal options and certain leases also obligate us to pay the cost of maintenance, insurance and property taxes. Total lease cost was $0.2 million for each of the three months ended March 31, 2021 and 2020. Leases with a term of one year or less are classified as short-term and are not recognized in the Condensed Consolidated Balance Sheets.

A summary of the classification of operating leases on our Condensed Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020 (amounts in thousands):

		March 31,			December 31,
		2021			2020
Operating lease right-of-use assets		$	1,683	$	1,820
Operating lease liability, current	(Other accrued expenses)		621		609
Operating lease liability, non-current	(Other long-term liabilities)	$	1,255	$	1,400

Components of lease cost reflected in our Condensed Consolidated Statement of Operations for the three months ended March 31, 2021 and 2020 (amounts in thousands):

	Three Months Ended March 31,
	2021		2020
Operating lease cost	$	168	$	168
Short-term lease cost		43		73
Total lease cost	$	211	$	241

A summary of weighted-average remaining lease term and weighted-average discount rate as of March 31, 2021:

Weighted-average remaining lease term	3.5	years
Weighted average discount rate	6.2	%

Supplemental cash flow and other non-cash information for the three months ended March 31, 2021 and 2020 (amounts in thousands):

	Three Months Ended March 31,
	2021		2020
Operating cash flows from operating leases	$	160	$	154
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities		—		—

Future annual minimum lease commitments as of March 31, 2021 were as follows (amounts in thousands):

	March 31, 2021
Remainder of 2021	$	554
2022		614
2023		494
2024		226
2025		201
Total minimum payments	$	2,089
Less: amount representing interest		(213)
Lease liability	$	1,876