Desktop Metal, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of other lease related balances

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


		Years Ended December 31,
		2022			2021
Lease cost
Operating lease cost		$	5,718		$	2,572
Short‑term lease cost			292			129
Variable lease cost			245			178
Finance lease cost			92			6
Total lease cost		$	6,347		$	2,885
Other Information
Operating cash flows used in operating leases		$	6,352		$	2,862
Operating cash flows used in finance leases			81			8
Weighted‑average remaining lease term—operating leases (years)			5.0			5.1
Weighted‑average remaining lease term—finance leases (years)			7.8			7.6
Weighted‑average discount rate—operating leases			4.3	%		4.3	%
Weighted‑average discount rate—finance leases			3.1	%		1.5	%

Schedule of future minimum operating lease payments

Future minimum lease payments under noncancelable operating leases at December 31, 2022, are as follows (in thousands):


		Operating Leases			Finance Leases
2023		$	6,516		$	81
2024			4,934			77
2025			4,170			76
2026			3,643			76
2027			3,426			77
2028 and after			2,915			313
Total lease payments			25,604			700
Less amount representing interest			(2,625)			(89)
Total lease liability			22,979			611
Less current portion of lease liability			(5,667)			(63)
Lease liability, net of current portion		$	17,312		$	548