Annual report pursuant to Section 13 and 15(d)

Massachusetts Lease Liability (Tables)

v3.24.1
Massachusetts Lease Liability (Tables)
12 Months Ended
Dec. 31, 2023
Lessee, Lease, Description [Line Items]  
Schedule of future minimum lease payments

Future minimum lease payments under the Company’s non-cancellable leases as of December 31, 2023 are as follows:

Year ending December 31,

    

Finance

    

Operating

2024

$

1,489

$

2,433

2025

1,212

2,468

2026

926

2,530

2027

916

2,594

2028

310

2,613

Thereafter

69

25,651

Total undiscounted lease liabilities

4,922

38,289

Interest on lease liabilities

(678)

(25,474)

Total present value of minimum lease payments

4,244

12,815

Lease liability - current portion

(1,203)

(72)

Lease liability

$

3,041

$

12,743

Taunton Facility  
Lessee, Lease, Description [Line Items]  
Schedule of future minimum lease payments

As of December 31, 2023, the Massachusetts Lease Liability had a balance of $40,774. Future minimum lease payments for the Massachusetts Lease Liability as of December 31, 2023 are as follows:

Year ending December 31,

    

Amount

2024

$

4,469

2025

4,581

2026

4,695

2027

4,812

2028

4,933

2029 and thereafter

157,922

Total future payments

181,412

Less: Interest

(148,350)

Total present value of minimum payments

33,062

Add: Estimated ending residual value

7,712

Total

$

40,774