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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of Lease Costs

The components of lease costs for the year ended December 31, 2021 are as follows (in thousands):

 

in thousands

 

For the Year Ended December 31, 2021

 

Operating lease costs

 

$

1,669

 

Finance lease costs:

 

 

 

Amortization of right-of-use assets

 

 

 

Interest on lease liabilities

 

 

 

Short-term lease costs

 

 

62

 

Variable lease costs

 

 

 

Sublease income

 

 

 

Total lease costs

 

$

1,731

 

Schedule of Supplemental Cash Flow Information

Cash flows arising from lease transactions for the year ended December 31, 2021 were as follows (in thousands):

 

 

 

For the Year Ended
December 31, 2021

 

Cash paid for amounts included in the measurements of lease liabilities:

 

 

 

Operating cash inflows/(outflows) from operating leases

 

$

(1,712

)

Operating cash inflows/(outflows) from finance leases

 

 

 

Financing cash inflows/(outflows) from finance leases

 

 

 

Supplemental non-cash information on lease liabilities arising from obtaining
   right-of-use assets

 

 

 

Operating leases

 

$

5,243

 

Finance leases

 

 

 

Schedule of Future Minimum Lease Payments under Non-cancellable Lease Payments

Future minimum lease payments under non-cancellable leases in effect as of December 31, 2021 are as follows (in thousands):

 

Year Ended December 31,

 

Operating
Leases

 

 

Finance
Leases

 

2022

 

$

1,761

 

 

$

 

2023

 

 

1,655

 

 

 

 

2024

 

 

1,655

 

 

 

 

2025

 

 

1,655

 

 

 

 

2026

 

 

1,642

 

 

 

 

Thereafter

 

 

2,840

 

 

 

 

Total future undiscounted minimum lease payments

 

$

11,208

 

 

$

 

Less: imputed Interest

 

 

2,324

 

 

 

 

Total reported lease liability

 

$

8,884

 

 

$

 

Summary of Minimum Lease Commitments

The following table summarizes our lease commitments as of December 31, 2020:

 

Year Ended December 31,

 

Minimum Lease
Commitment

 

 

 

(in thousands)

 

2021

 

$

712

 

2022

 

 

766

 

2023

 

 

763

 

2024

 

 

762

 

2025

 

 

762

 

Thereafter

 

 

1,708

 

Total

 

$

5,473