Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.
(in thousands) Finance Leases Operating Leases Total
Remainder of 2021 $ 177  $ 597  $ 774 
2022 177  947  1,124 
2023 112  921  1,033 
2024 4  609  613 
2025 —  122  122 
Thereafter —  124  124 
Total minimum lease payments 470  3,320  3,790 
Less: imputed interest 8  295  303 
Present value of minimum lease payments 462  3,025  3,487 
Less: current portion 216  713  929 
Long-term portion $ 246  $ 2,312  $ 2,558 
Finance Lease, Liability, Maturity The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.
(in thousands) Finance Leases Operating Leases Total
Remainder of 2021 $ 177  $ 597  $ 774 
2022 177  947  1,124 
2023 112  921  1,033 
2024 4  609  613 
2025 —  122  122 
Thereafter —  124  124 
Total minimum lease payments 470  3,320  3,790 
Less: imputed interest 8  295  303 
Present value of minimum lease payments 462  3,025  3,487 
Less: current portion 216  713  929 
Long-term portion $ 246  $ 2,312  $ 2,558 
Lease, Cost
The following expenses related to our finance and operating leases were included in "general and administrative expenses" within our condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2021:
(in thousands) March 31, 2021
Finance lease costs
Amortization of leased assets $ 54 
Interest of lease liabilities 5 
Operating lease costs
Operating lease cost
 250 
Variable lease cost
 39 
Total lease costs $ 348 
The table below presents lease-related terms and discount rates as of March 31, 2021:
March 31, 2021
Weighted average remaining lease terms  
Operating leases 3.6 years
Finance leases 2.3 years
Weighted average discount rate
Operating leases 4.9  %
Finance leases 4.2  %
Lessor, Operating Lease, Payments to be Received, Maturity
The following table represents the maturity analysis of undiscounted cash flows related to lease payments, which we expect to receive from our existing operating lease agreements with tenants:
(in thousands) Rental Income
Remainder of 2021 $ 534 
2022 199 
2023 99 
2024 77 
2025 53 
Total $ 962