Leases (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Leases [Abstract] |
|
| Lessee, Operating Lease, Liability, Maturity |
The following table provides details of our future minimum lease payments under finance and operating lease liabilities recorded in our consolidated balance sheet as of December 31, 2021. 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 |
| 2022 |
$ |
127 |
|
|
$ |
3,330 |
|
|
$ |
3,457 |
|
| 2023 |
107 |
|
|
2,816 |
|
|
2,923 |
|
| 2024 |
19 |
|
|
1,994 |
|
|
2,013 |
|
| 2025 |
— |
|
|
1,382 |
|
|
1,382 |
|
| 2026 |
— |
|
|
155 |
|
|
155 |
|
| Thereafter |
— |
|
|
4 |
|
|
4 |
|
| Total minimum lease payments |
253 |
|
|
9,681 |
|
|
9,934 |
|
| Less: imputed interest |
12 |
|
|
448 |
|
|
460 |
|
| Present value of minimum lease payments |
241 |
|
|
9,233 |
|
|
9,474 |
|
| Less: current portion |
169 |
|
|
3,091 |
|
|
3,260 |
|
| Long-term portion |
$ |
72 |
|
|
$ |
6,142 |
|
|
$ |
6,214 |
|
|
| Finance Lease, Liability, Maturity |
The following table provides details of our future minimum lease payments under finance and operating lease liabilities recorded in our consolidated balance sheet as of December 31, 2021. 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 |
| 2022 |
$ |
127 |
|
|
$ |
3,330 |
|
|
$ |
3,457 |
|
| 2023 |
107 |
|
|
2,816 |
|
|
2,923 |
|
| 2024 |
19 |
|
|
1,994 |
|
|
2,013 |
|
| 2025 |
— |
|
|
1,382 |
|
|
1,382 |
|
| 2026 |
— |
|
|
155 |
|
|
155 |
|
| Thereafter |
— |
|
|
4 |
|
|
4 |
|
| Total minimum lease payments |
253 |
|
|
9,681 |
|
|
9,934 |
|
| Less: imputed interest |
12 |
|
|
448 |
|
|
460 |
|
| Present value of minimum lease payments |
241 |
|
|
9,233 |
|
|
9,474 |
|
| Less: current portion |
169 |
|
|
3,091 |
|
|
3,260 |
|
| Long-term portion |
$ |
72 |
|
|
$ |
6,142 |
|
|
$ |
6,214 |
|
|
| Lease, Cost |
The following expenses related to our finance and operating leases were included in "general and administrative expenses" within our consolidated statements of operations and comprehensive loss for the years ended December 31, 2021 and 2020:
|
|
|
|
|
|
|
|
|
| (in thousands) |
December 31,
2021 |
December 31, 2020 |
| Finance lease cost |
|
|
| Amortization of leased assets |
$ |
74 |
|
$ |
142 |
|
| Interest of lease liabilities |
12 |
|
18 |
|
| Operating lease costs |
|
|
Operating lease cost |
1,593 |
|
1,383 |
|
Variable lease cost |
385 |
|
255 |
|
| Total lease cost |
$ |
2,064 |
|
$ |
1,798 |
|
The table below presents lease-related terms and discount rates as of December 31, 2021:
|
|
|
|
|
|
|
December 31,
2021 |
| Weighted average remaining lease terms |
|
| Operating leases |
3.3 years |
| Finance leases |
1.9 years |
| Weighted average discount rate |
|
| Operating leases |
2.6 |
% |
| Finance leases |
3.9 |
% |
|
| 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:
|
|
|
|
|
|
|
| Rental Income |
|
(in thousands) |
| 2022 |
|
$ |
728 |
|
| 2023 |
|
461 |
|
| 2024 |
|
77 |
|
| 2025 |
|
53 |
|
| Thereafter |
|
— |
|
| Total |
|
$ |
1,319 |
|
|