Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 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

Nine Months Ended

    

September 30, 2022

    

September 30, 2021

    

September 30, 2022

    

September 30, 2021

Operating lease cost

$

48

$

303

$

531

$

942

Finance lease cost:

Amortization of lease assets

257

249

771

715

Interest on lease liabilities

112

125

351

367

Finance lease costs

369

374

1,122

1,082

Total lease cost

$

417

$

677

$

1,653

$

2,024

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:

    

September 30, 2022

    

December 31, 2021

Weighted average discount rate

8.0%

8.0%

Weighted average remaining lease term

5.24 years

5.98 years

Schedule of maturity of contractual undiscounted finance lease liabilities

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

Year ended December 31,

    

Finance

    

Operating

Remainder of 2022

$

358

$

49

2023

1,452

196

2024

1,489

183

2025

1,212

168

2026

926

173

Thereafter

1,295

316

Total undiscounted lease liabilities

6,732

1,085

Interest on lease liabilities

(1,162)

(217)

Total present value of minimum lease payments

5,570

868

Lease liability - current portion

(1,045)

(133)

Lease liability

$

4,525

$

735

Schedule of maturity of contractual undiscounted operating lease liabilities

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

Year ended December 31,

    

Finance

    

Operating

Remainder of 2022

$

358

$

49

2023

1,452

196

2024

1,489

183

2025

1,212

168

2026

926

173

Thereafter

1,295

316

Total undiscounted lease liabilities

6,732

1,085

Interest on lease liabilities

(1,162)

(217)

Total present value of minimum lease payments

5,570

868

Lease liability - current portion

(1,045)

(133)

Lease liability

$

4,525

$

735