Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2022
LEASES  
Schedule of other lease related balances

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

Three Months Ended March 31, 

 

2022

2021

 

Lease cost

  

 

  

Operating lease cost

$

1,460

$

323

Finance lease cost

19

Short‑term lease cost

 

70

 

22

Variable lease cost

 

61

 

39

Total lease cost

$

1,610

$

384

Other Information

 

  

 

  

Operating cash flows used in operating leases

$

1,464

$

244

Operating cash flows used in finance leases

21

Weighted‑average remaining lease term—operating leases (years)

 

3.5

 

2.9

Weighted‑average remaining lease term—finance leases (years)

7.6

Weighted‑average discount rate—operating leases

3.9

%  

5.5

%

Weighted‑average discount rate—finance leases

 

1.5

%  

 

%

Schedule of future minimum operating lease payments

Future minimum lease payments under noncancelable operating leases, including immaterial future minimum lease payments under finance leases, at March 31, 2022, are as follows (in thousands):

Operating Leases

Finance Leases

2022 (remaining 9 months)

$

4,633

$

63

2023

 

5,790

84

2024

 

4,386

80

2025

 

3,681

79

2026

 

3,427

79

2027 and after

5,267

351

Total lease payments

 

27,184

736

Less amount representing interest

 

(2,685)

(53)

Total lease liability

 

24,499

683

Less current portion of lease liability

 

(5,264)

(62)

Lease liability, net of current portion

$

19,235

621

Schedule of future minimum finance lease payments

Operating Leases

Finance Leases

2022 (remaining 9 months)

$

4,633

$

63

2023

 

5,790

84

2024

 

4,386

80

2025

 

3,681

79

2026

 

3,427

79

2027 and after

5,267

351

Total lease payments

 

27,184

736

Less amount representing interest

 

(2,685)

(53)

Total lease liability

 

24,499

683

Less current portion of lease liability

 

(5,264)

(62)

Lease liability, net of current portion

$

19,235

621

Schedule of components under operating lease arrangements

Three Months Ended March 31, 

2022

2021

Operating

Sales-type

Operating

Sales-type

Revenue

$

192

$

Interest Income (1)

9

(1) Interest income related to sales-type leases is recorded as a component of revenue in the consolidated statements of operations and comprehensive loss for each of the periods presented.

Schedule of components under sales-type lease arrangements

Three Months Ended March 31, 

2022

2021

Operating

Sales-type

Operating

Sales-type

Revenue

$

192

$

Interest Income (1)

9

(1) Interest income related to sales-type leases is recorded as a component of revenue in the consolidated statements of operations and comprehensive loss for each of the periods presented.

Schedule of net investment in sales-type leases

Three Months Ended March 31, 

2022

2021

Future minimum lease payments receivable

$

1,184

$

Less: Allowance for doubtful accounts

(523)

Net future minimum lease payments receivable

661

Less: Unearned interest income

(30)

Net investment in sales-type leases

$

631

$

Schedule of future minimum lease of lessor operating lease arrangements

Operating

Sales-type

2022

$

243

$

632

2023

 

211

463

2024

 

37

45

2025

 

9

44

2026

 

Thereafter

Total minimum lease payments

 

$

500

$

1,184

Less: Allowance for doubtful accounts

 

(523)

Less: Present value discount

 

(30)

Future minimum lease payments receivable

 

$

631

Schedule of future minimum lease of lessor sales-type lease arrangements

Operating

Sales-type

2022

$

243

$

632

2023

 

211

463

2024

 

37

45

2025

 

9

44

2026

 

Thereafter

Total minimum lease payments

 

$

500

$

1,184

Less: Allowance for doubtful accounts

 

(523)

Less: Present value discount

 

(30)

Future minimum lease payments receivable

 

$

631