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Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

(6) Leases

Operating lease expense for the three and six months ended June 30, 2022 and 2021 was as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

 

 

Cost of revenue

 

$

21

 

 

$

18

 

 

$

37

 

 

$

54

 

Operations and support

 

 

-

 

 

 

18

 

 

 

-

 

 

 

18

 

General and administrative

 

 

1,428

 

 

 

299

 

 

 

2,928

 

 

 

581

 

Total operating lease expense

 

$

1,449

 

 

$

335

 

 

$

2,965

 

 

$

653

 

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.