Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2
Right-of-Use Asset and Operating Lease Liability (Tables)
 6 Months Ended
Jun. 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: June 30, 2022 December 31, 2021
Operating right-of-use asset $ 6,003  $ 713 
Operating lease liability, current 2,364  438 
Operating lease liability, long term 3,748  278 
Schedule of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
Three Months Ended June 30,
 Six Months Ended June 30,
Lease cost: 2022 2021 2022 2021
Short-term lease cost
 $ 59  $ 66  $ 97  $ 78 
Operating lease cost
 227  116  410  231 
Operating lease cost - cost of revenue
 250  —  250  — 
Total $ 536  $ 182  $ 757  $ 309 
Other information related to leases is presented below:
June 30, 2022
Weighted-average discount rate – operating lease
 6.60  %
Weighted-average remaining lease term – operating lease (in years)
 2.4
Schedule of Expected Annual Minimum Lease Payments
As of June 30, 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
$ 1,365 
2023 2,699 
2024 2,281 
2025 300 
2026 and thereafter
 10 
Total future minimum lease payments, undiscounted
 6,655 
Less: Imputed interest for leases in excess of one year
 (543)
Present value of future minimum lease payments
 $ 6,112