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)

3 Months Ended

Mar. 31, 2023

Schedule of other lease related balances

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


	Three Months Ended March 31,
	2023			2022
Lease cost
Operating lease cost	$	1,501		$	1,460
Short‑term lease cost		55			70
Variable lease cost		34			61
Finance lease cost		23			19
Total lease cost	$	1,613		$	1,610
Other Information
Operating cash flows used in operating leases	$	1,730		$	1,464
Operating cash flows used in finance leases		21			21
Weighted‑average remaining lease term—operating leases (years)		5.0			3.5
Weighted‑average remaining lease term—finance leases (years)		7.1			7.6
Weighted‑average discount rate—operating leases		4.5	%		3.9	%
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, including immaterial future minimum lease payments under finance leases, at March 31, 2023, are as follows (in thousands):


	Operating Leases		Finance Leases
2023	$	5,285	$	62
2024		5,505		78
2025		4,721		77
2026		3,796		77
2027		3,505		77
2028 and after		2,966		317
Total lease payments		25,778		688
Less amount representing interest		(2,598)		(83)
Total lease liability		23,180		605
Less current portion of lease liability		(6,042)		(64)
Lease liability, net of current portion	$	17,138	$	541