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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Lease Term and Discount Rate

Financing liability information is as follows (in thousands):

 

 

 

December 31, 2021

 

Weighted average remaining lease term (in years)

 

 

19.8

 

Weighted average discount rate

 

 

9.0

%

Lease information is as follows (in thousands):

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Weighted average remaining lease term (in years)

 

 

2.6

 

 

 

1.9

 

Weighted average discount rate

 

 

7.3

%

 

 

7.5

%

Summary of Lease Information

 

 

 

December 31, 2021

 

Interest expense on financing liability

 

$

1,373

 

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Operating lease costs

 

$

863

 

 

$

1,403

 

Variable lease costs

 

 

515

 

 

 

394

 

Cash paid

 

 

1,867

 

 

 

1,797

 

 

 

Summary of Financing Liability Payments

Financing liability payments as of December 31, 2021 was as follows (in thousands):

 

 

 

December 31, 2021

 

2022(1)

 

$

6,373

 

2023

 

 

9,778

 

2024

 

 

10,023

 

2025

 

 

10,274

 

2026

 

 

10,539

 

Thereafter

 

 

199,091

 

Total

 

 

246,078

 

Interest payments

 

 

(142,485

)

Debt issuance costs

 

 

(3,091

)

Total financing liability

 

$

100,502

 

 

 

 

 

 

 

 

(1)

2022 includes the amortization of the rent abatement.

Remaining Purchase Requirements

In May 2021, the Company and Amphastar France Pharmaceuticals S.A.S. (“Amphastar”) amended the Insulin Supply Agreement to extend the term and restructure the annual purchase commitments. In connection with the amendment, the Company agreed to pay $2.0 million of amendment fees, which were recognized in cost of goods sold for the year ended December 31, 2021. The remaining purchase commitments as of December 31, 2021 and March 31, 2021 (pre-amendment) were as follows:

 

 

 

December 31, 2021

 

March 31, 2021

2022

 

5.4 million

 

7.0 million

2023

 

8.8 million

 

8.5 million

2024

 

14.6 million

 

10.9 million

2025

 

15.5 million

 

14.6 million

2026

 

19.4 million

 

15.5 million

2027

 

9.2 million

 

19.4 million

Schedule of Future Minimum Office And Vehicle Lease Payments

Future minimum office and vehicle lease payments as of December 31, 2021 and 2020 were as follows (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

2021

 

$

 

 

$

1,494

 

2022

 

 

1,444

 

 

 

1,239

 

2023

 

 

497

 

 

 

88

 

2024

 

 

409

 

 

 

 

2025

 

 

311

 

 

 

 

Total

 

$

2,661

 

 

$

2,821