Leases

6 Months Ended

Jun. 30, 2022

Note 9 — Leases

The Company has operating leases for warehouse, production, and office facilities and equipment. Lease contracts have remaining lease terms of less than one year to seven years, some of which include options to extend the term by up to 5 years. The Company included renewal options that are reasonably certain to be exercised as part of the lease term. Additionally, some lease contracts include termination options. The Company does not expect to exercise the majority of termination options and generally excludes such options when determining the term of leases.

The operating lease costs were $0.5 million and $0.4 million for the three months ended June 30, 2022 and 2021, respectively. The operating lease costs were $1.0 million and $0.6 million for the six months ended June 30, 2022 and 2021, respectively.

The weighted average remaining lease term was 6.12 years and 6.68 years as of June 30, 2022 and December 31, 2021, respectively. The weighted average discount rate was 7.34% as of each of June 30, 2022 and December 31, 2021.

Cash flows arising from lease transactions for the three and six months ended June 30, 2022 and 2021 were as follows (in thousands):


	For the Three Months Ended June 30,						Six Months Ended June 30,
in thousands	2022			2021			2022			2021
Cash paid for amounts included in the measurements of lease liabilities — operating cash flows	$	(482	)	$	(760	)	$	(942	)	$	(770	)
Right-of-use assets obtained in exchange for operating leases liabilities	$	—		$	—		$	251		$	—

Future minimum lease payments under non-cancellable leases in effect as of June 30, 2022 are as follows (in thousands):


	Operating Leases
2022 (remainder)	$	930
2023		1,790
2024		1,677
2025		1,655
2026		1,642
Thereafter		2,840
Total future undiscounted minimum lease payments	$	10,534
Less: imputed Interest		2,030
Total reported lease liability	$	8,504