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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease, Cost

The components of lease cost under ASC 842 are as follows (in thousands):

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

Lease costs

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

Payment of finance lease liability

 

$

40

 

 

$

42

 

Interest on lease liabilities

 

 

2

 

 

 

7

 

Operating lease costs

 

 

625

 

 

 

460

 

Variable lease cost

 

 

307

 

 

 

251

 

Total lease cost

 

$

974

 

 

$

760

 

 

Supplemental disclosure of cash flow information related to leases are as follows (in thousands):

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

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

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

796

 

 

$

478

 

Operating cash flows from finance leases

 

$

2

 

 

$

7

 

Financing cash flows from finance leases

 

$

40

 

 

$

42

 

 

The weighted-average remaining lease term and discount rate were as follows:

 

 

 

June 30,

 

 

2022

 

 

2021

 

 

Weighted-average remaining lease term

 

 

 

 

 

 

 

Finance leases

 

0.5 years

 

 

1.5 years

 

 

Operating leases

 

4.3 years

 

 

3.6 years

 

 

Weighted-average discount rate

 

 

 

 

 

 

 

Finance leases

 

 

7.6

%

 

 

7.7

%

 

Operating leases

 

 

8.5

%

 

 

8.9

%

 

 

Lessee, Operating Lease and Finance Lease, Liability, Fiscal Year Maturity

The following table summarizes the minimum lease payments of the Company’s operating and finance lease liabilities as of June 30, 2022 (in thousands):

 

Year Ending December 31,

 

Operating

 

 

Finance

 

2022

 

$

515

 

 

$

40

 

2023

 

 

388

 

 

 

 

2024

 

 

323

 

 

 

 

2025

 

 

333

 

 

 

 

2026

 

 

343

 

 

 

 

Thereafter

 

 

307

 

 

 

 

Total future minimum lease payments

 

 

2,209

 

 

 

40

 

Less: imputed interest

 

 

(364

)

 

 

(1

)

Present value of operating lease liability

 

$

1,845

 

 

$

39

 

 

 

 

 

 

 

 

Less: current portion of lease liability

 

 

(596

)

 

 

(39

)

Non-current portion of lease liability

 

 

1,249