Desktop Metal, Inc. General form of registration statement for all companies including face-amount certificate companies

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

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


	September 30,
	2020			2019
Lease cost
Operating lease cost	$	561		$	479
Short‑term lease cost		—			24
Variable lease cost		30			30
Total lease cost	$	591		$	533
Other Information
Operating cash flows from operating leases	$	805		$	701
Weighted‑average remaining lease term—operating leases (years)		3.5			4.5
Weighted‑average discount rate—operating leases		7.6	%		7.6	%

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


	Years Ended December 31,
	2019			2018
Lease cost
Operating lease cost	$	655		$	627
Short‑term lease cost		32			62
Variable lease cost		40			38
Total lease cost	$	727		$	727
Other Information
Operating cash flows from operating leases	$	951		$	868
Weighted‑average remaining lease term—operating leases (years)		4.2			5.3
Weighted‑average discount rate—operating leases		7.6	%		7.6	%

Future minimum lease payments under noncancelable operating leases at September 30, 2020, are as follows (in thousands):


2020 (remaining 3 months)	$	268
2021		1,071
2022		1,070
2023		1,028
2024		258
Total lease payments		3,695
Less amount representing interest		(462)
Total lease liability		3,233
Less current portion of lease liability		(858)
Lease liability, net of current portion	$	2,375

Future minimum lease payments under noncancelable operating leases at December 31, 2019, are as follows (in thousands):


2020	$	1,073
2021		1,071
2022		1,069
2023		1,028
2024		258
Total lease payments		4,499
Less amount representing interest		(667)
Total lease liability		3,832
Less current portion of lease liability		(806)
Lease liability, net of current portion	$	3,026