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Leases

12 Months Ended

Dec. 31, 2021

Note 14. 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. Lease cost is recorded in selling, general, and administrative expense in the accompanying Consolidated Statements of Operations. Total lease cost was $1.1 million and $0.8 million for the years ended December 31, 2021 and 2020, respectively. Leases with a term of one year or less are classified as short-term and are not recognized in the accompanying Consolidated Balance Sheets.

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


		December 31,		December 31,
		2021		2020
Operating lease right-of-use assets		$	1,281	$	1,820
Operating lease liability, current	(Other accrued expenses)		538		609
Operating lease liability, non-current	(Other long-term liabilities)	$	890	$	1,400

Components of lease cost reflected in our accompanying Consolidated Statements of Operations for the year ended December 31, 2021 and 2020 (amounts in thousands):


	Year Ended December 31,
	2021		2020
Operating lease cost	$	673	$	656
Short-term lease cost		447		105
Total lease cost	$	1,120	$	761

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


Weighted-average remaining lease term	3.0	years
Weighted average discount rate	6.1	%

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

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


	December 31, 2021
2022	$	609
2023		517
2024		232
2025		147
2026 and thereafter		58
Total minimum payments	$	1,563
Less: amount representing interest		(135)
Lease liability	$	1,428

Year Ended December 31,

Operating cash flows from operating leases

Operating lease right-of-use assets obtained in exchange for new operating lease liabilities