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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]  
Summary of Lease Costs Recognized under ASC 842 Pertaining to Finance and Operating Leases

The following table contains a summary of the lease costs recognized under ASC 842 pertaining to the Company’s finance and operating leases for the three months ended March 31, 2022 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2022

 

Lease Cost:

 

 

 

Amortization of finance right-of-use assets

 

$

177

 

Interest on finance lease liabilities

 

 

46

 

Operating lease cost

 

 

414

 

Variable lease cost

 

 

173

 

Total lease costs

 

$

810

 

Summary of Other Information Pertaining to Finance and Operating Leases

The following table contains a summary of other information pertaining to the Company’s finance and operating leases for the three months ended March 31, 2022 (in thousands, except lease term and discount rate):

 

 

Three Months Ended March 31,

 

 

 

2022

 

Other Operating Lease Information:

 

 

 

Operating cash flows for operating leases

 

$

392

 

Operating cash flows for finance leases

 

$

46

 

Financing cash flows from finance leases

 

$

133

 

 

 

 

 

Weighted average remaining lease term

 

 

 

Operating leases

 

4.6 years

 

Financing leases

 

3.7 years

 

 

 

 

 

Weighted average discount rate

 

 

 

Operating leases

 

7.6%

 

Financing leases

 

8.3%

 

Supplemental Balance Sheet Information Related to Operating and Financing Leases

The following table presents supplemental balance sheet information related to operating and financing leases as of March 31, 2022 (in thousands):

 

 

March 31,
2022

 

Operating leases

 

 

 

   Right-of-use assets

 

$

6,267

 

 

 

 

 

   Right-of-use lease liabilities, current

 

$

1,160

 

   Right-of-use lease liabilities, noncurrent

 

 

5,278

 

Total operating lease liabilities

 

$

6,438

 

 

 

 

 

Financing leases

 

 

 

   Right-of-use assets, net

 

$

2,551

 

 

 

 

 

   Right-of-use lease liabilities, current

 

$

786

 

   Right-of-use lease liabilities, noncurrent

 

 

1,846

 

Total financing lease liabilities

 

$

2,632

 



Summary of Maturity of Operating and Finance Lease Liabilities The following table presents the maturity of the Company’s operating and finance lease liabilities as of March 31, 2022 (in thousands):

 

 

Operating

 

 

Financing

 

Remainder of 2022

 

$

1,196

 

 

$

609

 

2023

 

 

1,628

 

 

 

812

 

2024

 

 

1,640

 

 

 

714

 

2025

 

 

1,689

 

 

 

683

 

2026

 

 

1,413

 

 

 

80

 

Thereafter

 

 

59

 

 

 

 

Total future minimum lease payments

 

$

7,625

 

 

$

2,898

 

Less amount representing interest

 

 

1,187

 

 

 

266

 

Total lease liabilities

 

$

6,438

 

 

$

2,632

 

Schedule of Operating Lease Commitments under ASC 840

The following table presents operating lease commitments as reflected under ASC 840 as of December 31, 2021 (in thousands):

 

 

Operating

 

2022

 

 

1,585

 

2023

 

 

1,606

 

2024

 

 

1,641

 

2025

 

 

1,689

 

2026

 

 

1,413

 

2027

 

 

59

 

Total operating lease obligations

 

$

7,993

 

Schedule of Finance Lease Commitments under ASC 840

The following table presents finance lease commitments as reflected under ASC 840 as of December 31, 2021 (in thousands):

 

 

Financing

 

2022

 

$

699

 

2023

 

 

674

 

2024

 

 

674

 

2025

 

 

553

 

2026

 

 

47

 

Total capital lease obligations

 

 

2,647

 

Less amount representing interest

 

 

(293

)

Present value of minimum capital lease obligations

 

$

2,354