Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Right-of-Use Asset and Operating Lease Liability (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
Operating leases: September 30, 2022 December 31, 2021
Operating right-of-use asset $ 16,944  $ 713 
Operating lease liability, current 2,627  438 
Operating lease liability, long-term 14,516  278 
Schedule of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
Three Months Ended September 30,
 Nine Months Ended September 30,
Lease cost: 2022 2021 2022 2021
Short-term lease cost
 $ 116  $ 43  $ 213  $ 121 
Operating lease cost
 341  112  751  343 
Operating lease cost - Cost of revenue
 398  —  648  — 
Total $ 855  $ 155  $ 1,612  $ 464 
Other information related to leases is presented below:
September 30, 2022
Weighted-average discount rate – operating lease
 8.40  %
Weighted-average remaining lease term – operating lease (in years)
 7.7
Schedule of Expected Annual Minimum Lease Payments
As of September 30, 2022, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31,
Remainder of 2022
$ 593 
2023 4,535 
2024 4,117 
2025 2,136 
2026
 1,847 
Thereafter 11,017 
Total future minimum lease payments, undiscounted
 24,245 
Less: Imputed interest for leases in excess of one year
 (7,102)
Present value of future minimum lease payments
 $ 17,143