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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense are as follows (in thousands):

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization lease assets

 

$

2

 

 

$

1

 

 

$

3

 

 

$

1

 

Finance lease costs

 

 

 

 

 

1

 

 

 

 

 

 

1

 

Total finance lease costs

 

$

2

 

 

$

2

 

 

$

3

 

 

$

2

 

Operating lease:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease costs

 

$

90

 

 

$

84

 

 

$

175

 

 

$

175

 

Short-term lease costs

 

 

 

 

 

5

 

 

 

8

 

 

 

10

 

Total operating lease expense

 

$

90

 

 

$

89

 

 

$

183

 

 

$

185

 

Schedule of Maturities of Operating and Finance Leases

Maturities of the Company’s operating and finance leases, excluding short-term leases, as of June 30, 2022 are as follows (in thousands):

 

 

 

June 30, 2022

 

 

 

Operating

 

 

Finance

 

2022 (remaining 6 months)

 

 

187

 

 

 

4

 

2023

 

 

383

 

 

 

7

 

2024

 

 

392

 

 

 

8

 

2025

 

 

372

 

 

 

2

 

Thereafter

 

 

613

 

 

 

 

Total lease payments

 

 

1,947

 

 

 

21

 

Less imputed interest

 

 

(285

)

 

 

(1

)

Lease liability

 

$

1,662

 

 

$

20

 

 

Schedule of Weighted Average Remaining Term and Discount Rate

The weighted average remaining term and discount rate are as follows:

 

Other information:

 

Operating

 

 

Finance

 

Weighted average remaining lease term

 

 

5.08

 

 

 

2.83

 

Weighted-average discount rate

 

 

6.25

%

 

 

4.35

%