Desktop Metal, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of other lease related balances

Information about other lease-related balances is as follows (in thousands):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Lease cost
Operating lease cost	$	593		$	187		$	1,338		$	561
Finance lease cost		1			—			2			—
Short‑term lease cost		37			—			82			3
Variable lease cost		46			18			131			30
Total lease cost	$	677		$	205		$	1,553		$	594
Other Information
Operating cash flows used in operating leases	$	673		$	269		$	1,572		$	805
Operating cash flows used in finance leases		2			—			4			—
Weighted‑average remaining lease term—operating leases (years)		4.8			3.5			4.8			3.5
Weighted‑average remaining lease term—finance leases (years)		8.5			—			8.5			—
Weighted‑average discount rate—operating leases		4.2	%		7.6	%		4.2	%		7.6
Weighted‑average discount rate—finance leases		1.5	%		—	%		1.5	%		—	%

Schedule of future minimum lease payments

Future minimum lease payments under noncancelable operating leases, including immaterial future minimum lease payments under finance leases, at September 30, 2021, are as follows (in thousands):


	Operating Leases		Finance Leases
2021 (remaining 3 months)	$	738	$	1
2022		2,943		77
2023		2,741		78
2024		1,319		75
2025		780		75
2026 and after		2,097		484
Total lease payments		10,618		790
Less amount representing interest		(929)		—
Total lease liability		9,689		790
Less current portion of lease liability		(2,619)		(58)
Lease liability, net of current portion	$	7,070		732