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Leases
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases

(6) Leases

Operating lease expense for the three months ended March 31, 2022 and 2021 was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

Cost of revenue

 

$

16

 

 

$

36

 

General and administrative

 

 

1,833

 

 

 

282

 

Total operating lease expense

 

$

1,849

 

 

$

318

 

During the first quarter of 2022, the Company entered into two new office leases. In connection with these leases, the Company recorded non-cash ROU assets and lease liabilities of $0.1 million.

During the first quarter of 2022, the Company also executed a new lease for an office in North Bethesda, Maryland. The lease is expected to commence in the fourth quarter of 2022. The lease has a term of seven years with total cash rental payments of approximately $7.1 million.