LEASES (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| LEASES |
|
| Schedule of other lease related balances |
Information about other lease-related balances is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
2022 |
|
2021 |
|
|
2022 |
|
2021 |
|
Lease cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease cost |
$ |
1,319 |
|
$ |
422 |
|
|
$ |
2,779 |
|
$ |
745 |
|
Finance lease cost |
|
23 |
|
|
— |
|
|
|
42 |
|
|
— |
|
Short‑term lease cost |
|
— |
|
|
34 |
|
|
|
70 |
|
|
45 |
|
Variable lease cost |
|
61 |
|
|
46 |
|
|
|
122 |
|
|
85 |
|
Total lease cost |
$ |
1,403 |
|
$ |
502 |
|
|
$ |
3,013 |
|
$ |
875 |
|
Other Information |
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|
|
|
|
|
|
|
|
|
|
|
|
Operating cash flows used in operating leases |
$ |
1,631 |
|
$ |
655 |
|
|
$ |
3,095 |
|
$ |
899 |
|
Operating cash flows used in finance leases |
|
19 |
|
|
— |
|
|
|
40 |
|
|
— |
|
Weighted‑average remaining lease term—operating leases (years) |
|
5.4 |
|
|
2.6 |
|
|
|
5.4 |
|
|
2.6 |
|
Weighted‑average remaining lease term—finance leases (years) |
|
7.7 |
|
|
— |
|
|
|
7.7 |
|
|
— |
|
Weighted‑average discount rate—operating leases |
|
3.9 |
% |
|
5.1 |
% |
|
|
3.9 |
% |
|
5.1 |
% |
Weighted‑average discount rate—finance leases |
|
3.1 |
% |
|
— |
|
|
|
3.1 |
% |
|
— |
|
|
| 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 June 30, 2022, are as follows (in thousands):
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
2022 (remaining 9 months) |
|
$ |
3,022 |
|
$ |
40 |
2023 |
|
|
5,645 |
|
|
80 |
2024 |
|
|
4,264 |
|
|
75 |
2025 |
|
|
3,564 |
|
|
74 |
2026 |
|
|
3,316 |
|
|
74 |
2027 and after |
|
|
5,164 |
|
|
379 |
Total lease payments |
|
|
24,975 |
|
|
722 |
Less amount representing interest |
|
|
(2,394) |
|
|
(94) |
Total lease liability |
|
|
22,581 |
|
|
628 |
Less current portion of lease liability |
|
|
(5,108) |
|
|
(61) |
Lease liability, net of current portion |
|
$ |
17,473 |
|
|
567 |
|
| Schedule of future minimum finance lease payments |
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
2022 (remaining 9 months) |
|
$ |
3,022 |
|
$ |
40 |
2023 |
|
|
5,645 |
|
|
80 |
2024 |
|
|
4,264 |
|
|
75 |
2025 |
|
|
3,564 |
|
|
74 |
2026 |
|
|
3,316 |
|
|
74 |
2027 and after |
|
|
5,164 |
|
|
379 |
Total lease payments |
|
|
24,975 |
|
|
722 |
Less amount representing interest |
|
|
(2,394) |
|
|
(94) |
Total lease liability |
|
|
22,581 |
|
|
628 |
Less current portion of lease liability |
|
|
(5,108) |
|
|
(61) |
Lease liability, net of current portion |
|
$ |
17,473 |
|
|
567 |
|
| Schedule of components under operating lease arrangements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
Revenue |
$ |
124 |
|
— |
|
$ |
— |
|
— |
|
$ |
217 |
|
— |
|
$ |
— |
|
— |
Interest Income (1) |
|
— |
|
8 |
|
|
— |
|
— |
|
|
— |
|
16 |
|
|
— |
|
— |
(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 June 30, |
|
|
Six Months Ended June 30, |
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
Revenue |
$ |
124 |
|
— |
|
$ |
— |
|
— |
|
$ |
217 |
|
— |
|
$ |
— |
|
— |
Interest Income (1) |
|
— |
|
8 |
|
|
— |
|
— |
|
|
— |
|
16 |
|
|
— |
|
— |
(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 |
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
2022 |
|
2021 |
Future minimum lease payments receivable |
|
$ |
411 |
|
$ |
— |
Less: Allowance for doubtful accounts |
|
|
— |
|
|
— |
Net future minimum lease payments receivable |
|
|
411 |
|
|
— |
Less: Unearned interest income |
|
|
(22) |
|
|
— |
Net investment in sales-type leases |
|
$ |
389 |
|
$ |
— |
|
| Schedule of future minimum lease of lessor operating lease arrangements |
|
|
|
|
|
|
|
|
|
Operating |
|
Sales-type |
2022 |
|
$ |
— |
|
$ |
137 |
2023 |
|
|
— |
|
|
274 |
2024 |
|
|
— |
|
|
— |
2025 |
|
|
— |
|
|
— |
2026 |
|
|
— |
|
|
— |
Thereafter |
|
|
— |
|
|
— |
Total minimum lease payments |
|
$ |
— |
|
$ |
411 |
Less: Allowance for doubtful accounts |
|
|
|
|
|
— |
Less: Present value discount |
|
|
|
|
|
(22) |
Future minimum lease payments receivable |
|
|
|
|
$ |
389 |
|
| Schedule of future minimum lease of lessor sales-type lease arrangements |
|
|
|
|
|
|
|
|
|
Operating |
|
Sales-type |
2022 |
|
$ |
— |
|
$ |
137 |
2023 |
|
|
— |
|
|
274 |
2024 |
|
|
— |
|
|
— |
2025 |
|
|
— |
|
|
— |
2026 |
|
|
— |
|
|
— |
Thereafter |
|
|
— |
|
|
— |
Total minimum lease payments |
|
$ |
— |
|
$ |
411 |
Less: Allowance for doubtful accounts |
|
|
|
|
|
— |
Less: Present value discount |
|
|
|
|
|
(22) |
Future minimum lease payments receivable |
|
|
|
|
$ |
389 |
|