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Leases

6 Months Ended

Jun. 30, 2022

Note 13. Leases

The Company is a lessee under leases for office space, land 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 $0.3 million for the each of the three months ended June 30, 2022 and 2021, respectively, and $0.5 million for each of the the six months ended June 30, 2022 and 2021, respectively. 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 June 30, 2022 and December 31, 2021 (amounts in thousands):


		June 30,		December 31,
		2022		2021
Operating lease right-of-use assets		$	1,027	$	1,281
Operating lease liability, current	(Other accrued expenses)		605		538
Operating lease liability, non-current	(Other long-term liabilities)	$	587	$	890

The decrease in lease assets and liabilities as of June 30, 2022 is due to the Held for Sale classification of Pantaya's assets and liabilities. For more information, see Note 4, "Held for Sale" of Notes to Condensed Consolidated Financial Statements.

Components of lease cost reflected in our Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2022 and 2021 (amounts in thousands):


	Three months ended June 30,
	2022		2021
Operating lease cost	$	203	$	168
Short-term lease cost		49		135
Total lease cost	$	252	$	303


	Six months ended June 30,
	2022		2021
Operating lease cost	$	397	$	337
Short-term lease cost		93		178
Total lease cost	$	490	$	515

A summary of weighted-average remaining lease term and weighted-average discount rate as of June 30, 2022:


Weighted-average remaining lease term	2.7	years
Weighted average discount rate	6.0	%

Supplemental cash flow and other non-cash information for the six months ended June 30, 2022 and 2021 (amounts in thousands):

Future annual minimum lease commitments as of June 30, 2022 were as follows (amounts in thousands):


	June 30, 2022
Remainder of 2022	$	333
2023		517
2024		232
2025		146
2026		58
Total minimum payments	$	1,286
Less: amount representing interest		(95)
Lease liability	$	1,191

Six months ended June 30,

Operating cash flows from operating leases