Quarterly report pursuant to Section 13 or 15(d)

Right-of-Use Asset and Operating Lease Liability (Tables)

v3.22.1
Right-of-Use Asset and Operating Lease Liability (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
Operating leases: March 31, 2022 December 31, 2021
Operating right-of-use asset $ 958  $ 713 
Operating lease liability, current 496  438 
Operating lease liability, long term 466  278 
Schedule of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
Three Months Ended March 31,
Lease cost: 2022 2021
Short-term lease cost
 $ 38  $ 12 
Operating lease cost
 183  115 
Total $ 221  $ 127 
Other information related to leases is presented below:
March 31, 2022
Weighted-average discount rate – operating lease
 5.00 %
Weighted-average remaining lease term – operating lease (in months)
 23
Schedule of Expected Annual Minimum Lease Payments
As of March 31, 2022, the expected annual minimum lease payments of the Company’s operating lease liabilities and other short-term leases were as follows:
For the Year Ended December 31,
Remainder of 2022 $ 413 
2023 468 
2024 103 
2025 28 
Total future minimum lease payments, undiscounted
 1,012 
Less: Imputed interest for leases in excess of one year
 (50)
Present value of future minimum lease payments
 $ 962