Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases  
Schedule of components of lease costs

The following table provides the components of lease cost recognized in the condensed consolidated statements of operations and comprehensive income:

Three Months Ended

Six Months Ended

    

June 30, 2022

    

June 30, 2021

June 30, 2022

    

June 30, 2021

Operating lease cost

$

203

$

270

$

483

$

541

Finance lease cost:

Amortization of lease assets

257

233

514

466

Interest on lease liabilities

117

119

239

242

Finance lease costs

374

352

753

708

Total lease cost

$

577

$

622

$

1,236

$

1,249

Weighted average discount rates and weighted average remaining lease term

The following table provides the weighted average discount rates and weighted average remaining lease terms for the Company’s leases:

    

June 30, 2022

    

December 31, 2021

Weighted average discount rate

8.0%

8.0%

Weighted average remaining lease term

5.49 years

5.98 years

Schedule of maturity of contractual undiscounted finance lease liabilities

The maturity of the contractual undiscounted lease liabilities as of June 30, 2022 is as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2022

$

715

$

97

2023

1,452

196

2024

1,489

183

2025

1,212

168

2026

926

173

Thereafter

1,295

317

Total undiscounted lease liabilities

7,089

1,134

Interest on lease liabilities

(1,275)

(234)

Total present value of minimum lease payments

5,814

900

Lease liability - current portion

(1,016)

(130)

Lease liability

$

4,798

$

770

Schedule of maturity of contractual undiscounted operating lease liabilities

The maturity of the contractual undiscounted lease liabilities as of June 30, 2022 is as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2022

$

715

$

97

2023

1,452

196

2024

1,489

183

2025

1,212

168

2026

926

173

Thereafter

1,295

317

Total undiscounted lease liabilities

7,089

1,134

Interest on lease liabilities

(1,275)

(234)

Total present value of minimum lease payments

5,814

900

Lease liability - current portion

(1,016)

(130)

Lease liability

$

4,798

$

770