Related Party Transactions

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 — RELATED PARTY TRANSACTIONS

The Company leases a subset of its operating facilities from three real estate entities related through common ownership. Total rent expense under these lease agreements, all of which are classified as operating, was $1.2 million for both the three months ended March 31, 2022 and March 31, 2021. At March 31, 2022, the Company had net operating right-of-use assets and operating lease liabilities associated with related party leases of $23.2 million and $25.5 million, respectively. At December 31, 2021 the Company had net operating right-of-use assets and operating lease liabilities associated with related party leases of $24.0 million and $26.3 million, respectively. See Note 11, Leases, for a schedule of future minimum lease payments under operating leases with both related parties and unrelated third parties.

Ryan Greenawalt, Tony Colucci, and Craig Brubaker collectively own an indirect, non-controlling minority interest in OneH2, Inc. (“OneH2”), which they each acquired through various transactions that took place in early 2018 and prior. Ryan Greenawalt is on the Board of Directors of OneH2. OneH2 is a privately held company that produces and delivers hydrogen fuel to end users. For 2021, the Company did not make any purchases from OneH2. During the first quarter of 2022, the Company purchased approximately $25,000 of hydrogen fuel from OneH2 and has a vendor deposit of approximately $0.2 million as of March 31, 2022.